support 17855-17790 resist. 18050-18150 best trade up monitor price at 17855-17790
NASDAQ can be corrected upto 10300 level. From there the entire global market will start to recover in V shape.
NASDAQ 100, never came below the ema of 233 since 2010, and came below 144 only 2 times after that, in 2018 and 2020 and gave good bounce back from there. Now if you see it is making the same pattern around 144 ema as it did during a covid low in 2020. It looks bullish from here, until and unless it again closes below 144 ema.
NDX 100 Weekly chart shows that Market is in bearish phase new lower low in price and RSI is below 40
TWITTER 1 HOUR CHART REACHED ITS WAVE 5 END. Time to bank profits tomorrow as by the end of this week the NDX100 will be much lower.
Weak Global market clue will affect nifty 50 in coming trading session
#NDX Main Trend seen completed in Nasdaq. If the current downtrend is only Profit Booking then Yellow Wave (ABC) structure is possible. If Nasdaq turns to Bear Market (If 2009-2021 Wave complete) then 1st Downtrend Wave may be like Red Wave (ABC).
break of this rising wedge will ensure the major correction in tech stocks .
Short NDX between 7430-7530 T1: 7200 T2: 6960 SL: 7645