EuroMotif

Nasdaq bounced where needed, but trip back to top will be TOUGH

So we got a bounce where we really needed per last post (click).
But now we have significant resistance zones on the way back up.
It was a good sign that we bounced into the first resistance zone.

Bulls need to hold 15k round number (even if it is an index).
It is very possible we try to for a double bottom around 14.9k.
Loss of 14.9k would be a very bad sign leading much lower.


the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
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.