US 100 IndexShort
NASDAQ Opinion: Bearish Trend
Hi guys,
we have watched the trend reversal in NASDAQ and in other stock markets. This bearish trend may continue. In my plot, the candlestick has already holed the SMA for 50 days. MACD lines are diverging (not shown, but graphed in my broker) and the cross of SMA 20 days and SMA 50 days is almost to happen, which could confirm bearish trend. RSI is going down (my broker info): It is now around 38. My Fibonnaci supports are considered from the Donald Trump thriumph in US election till some days ago.
Please comment...
we have watched the trend reversal in NASDAQ and in other stock markets. This bearish trend may continue. In my plot, the candlestick has already holed the SMA for 50 days. MACD lines are diverging (not shown, but graphed in my broker) and the cross of SMA 20 days and SMA 50 days is almost to happen, which could confirm bearish trend. RSI is going down (my broker info): It is now around 38. My Fibonnaci supports are considered from the Donald Trump thriumph in US election till some days ago.
Please comment...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.