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balinor

Channel breakout

Short
Nasdaq 100 Index (NASDAQ_DLY:NDX)  
balinor Updated   
NASDAQ_DLY:NDX   Nasdaq 100 Index
Trend Analysis
7
0
trendanalysis
Index is near bottom of orange channel and also near to 1D SMA50

I think it will going to break soon because correction is not over yes

I suppose a final destination of 10% at around 17000
Comment:
During corrections usually index will drop to reach the 1D SMA200 (blu line)

snapshot
Comment:
Beware of weekly chart forming out

snapshot
Comment:
I think correction will continue until 1W SMA50 is reached

Right now sma is located at 16101

snapshot
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