KrunchieKilleen

NASDAQ AND DOW SOFTEN DOWNTRENDS

FX:NAS100   NASDAQ 100 index of US listed shares
45 0 2
The plunge I predicted in my last post on the NASDAQ did not materialise. Instead the graph broke through Resistance Line A. We can't say that the downtrend is finally over until the graph breaks through Resistance Line B. In the meantime, the downtrend has softened. I will not bet on the current upswing breaking through the red curved line, nor the ensuing downswing breaking through the green curved line.
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