Nasdaq broke the multi month ascending channel, and now seem to retest the zone where the channel broke in the first place, which is a good area for bears to enter the market with a good RR.
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Price has made a new high. How the market reacts at this level is critical. If bulls cannot sustain the price above the previous high, then the selloff could be dramatic. Let's watch.
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Uh oh! Bearish engulfing... Look out! Sign of bulls weakness...
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Clearly the bulls haven't stopped.
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Probably should wait a bit and let the market dictate the overall direction. I'm still leaning towards the bears.