NASDAQ Composite Index TVC:​IXIC

Nasdaq bounced off a ST support which was also a key Fibo level. Lets see how it plays tom.

NASDAQ MARKET WILL CLOSE 7900 IT WILL TOUCH 8166 SL 7800 THEN I EXPECT HEAVY CORRECTION

Well channeled since 2010 on a closing basis

Just curiosity - not a trade idea - the move since trump came has been almost vertical and took it out of the Gann band it was in for a long time. This is the one that has hurt bears the most. SPX's price in contrast is now 4.15X, no mean feat but much poorer vs Nasdaq

bearish divergence on oscillator Disclaimer... this is not an investment/trading recommendation

The 2 possible reversal points marked... The upper reversal point has 0.886of the first upleg as a good support plus the 1.618 level of the last upleg as the support and the s2 traditional support and the outermedian line of the pitchfork.. the bottom support is the terminal reversal point for this the harmonic impulse, also supported by the ichimoku weekly kumo ...

The trendlines and the pitchforks have been drawn using magnet mode on RSI peaks n lows.. the upward target is the converging area of the median line of the upward pitchfork and R1 resistance and the trend line Disclaimer... not an investing/trading recommendation

TVC:IXICINDEX:NASX disclaimer... not an investing/trading recommendation