jmboyer1
Short

NAZ Throwback Rally

NASDAQ:IXIC   Nasdaq Composite Index
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Similar to previous post using QQQ , here the NAZ shows its violation of its long term trendline on 4APR14 and numerous attempts to get back above it, all of them failing (9APR, 9JUN and 24JUN) as the rallies snapback/hug/kiss the underside of the trendline .
Chart also shows failure to confirm new highs with RSI as highlighted; in previous instance NAZ sold off hard...will it do so again and if so how soon?

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