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Dr_Chester
Jul 29, 2021 8:45 AM

NASDAQ INDEX - IXIC Short

NASDAQ Composite IndexNASDAQ

Description

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.
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