Nas bottom should be in until at least 15k test
The daily Stoch is crossing up the RSI; and the RSI is crossing up it's own MA. Every time it's done that in the past few years it's been a bottom. Sometimes a bit of selling for a few days afterward, but long term it's been a buy signal. Also it seems to have found support on the 400D EMA. We might see the bear return for February Monthly options expiry the week of 2/18, or 15k resistance. This could also be leg 4 of 5 down.
Comment:
MarlosClock
Above 15k, NAS is breaking out of the bear TL and should rocket. 15500 more likely resistance than 15200
s3.amazonaws.com/tra...shots/g/GzlLNGoY.png
Comment:
Chinese New Year is bringing low volume so far, so that could help bulls break out of the trend here; but ready to sell and flip short if it turns.
www.tradingview.com/chart/fM8PFRpf/