TradingView
ContraryTrader
May 17, 2021 11:19 PM

Nasdaq update  

US Composite IndexTVC

Description

Breakout was rejected on downtrend. There's really no more room for attempts , we either breakout to fall back to bottom of channel which coincides with fib support at 13091. I highlighted with green arrow the last breakout which h was back in November after Bidens election win. The election was the catalyst for huge volume to breakout. Where is the catalyst going to come from this time for the much need volume?
Comments
illuminating_trade
More