The NASDAQ hit today the 4500 points resistance which corresponds to the resistance of the current downtrend canal. The 4500 points is also an historical strong horizontal resistance and corresponds also to the EMA 50.
With all these blockers, it will be a big challenge for buyers to go upside. In addition tomorrow, the Philadelphy manufacturing index will be published and will probably be bad. A new downtrend to 7200 is the preferred scenario.
With all these blockers, it will be a big challenge for buyers to go upside. In addition tomorrow, the Philadelphy manufacturing index will be published and will probably be bad. A new downtrend to 7200 is the preferred scenario.