Dr_Chester

NASDAQ INDEX - IXIC

Short
NASDAQ:IXIC   Nasdaq Composite Index
Good evening?

Signals to sell NASDAQ in general and BigTech shares in particular:

1. Round price of $ 15,000 = resistance.
2. Strong bearish MACD divergence on the weekly chart.
3. Beginning of bearish MACD divergence on slower monthly chart.
4. Bull trap - upward breakout of the resistance of the double top (yellow line).

Therefore, we can expect a Fibonacci correction from 30-50% to the $ 11.5k-10.5k range.

Not a financial recommendation.

GET RICH OR DIE TRYIN.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.