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.
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