NASDAQ - Breaking Down Soon! The Index has been trending up above the 50 Days Moving Average and the prevailing trendline for the last 7 months. The 50 days MA and the trendline has been trending alongside for the last 7 months and Nasdaq has not fallen below this 2 indicators. A break below this levels will trigger a sell down into the 1st Bear Zone. If the first bear zone is breached the index enters the next Bear Zone.
All posts and charts are for educational and illustration purposes only
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