jangseohee
Short

Significant correction on the way?

INDEX:IUXX   Nasdaq 100 Index
84 3 1
This index has been in a very strong uptrend channel since Jun 2011 which is characterized by clean bum and run V shape reversal whenever it touches the support.
And only 2 major RSI bearish divergence previously are able to bring the bulls to the lower support, now that the upper resistance again rejected the advance substantiated by yet 3rd RSI bearish divergence, could this bring the bull down with a significant correction down to 3400?
It depends on Madam Y this Thursday
But right now, stay short
My target is at 3600 for Nasdaq
Reply
jangseohee Leo.Ash
It's possible
Reply
jangseohee Leo.Ash
Hi Leo, it didnt happen
Reply
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