The Nasdaq made 52-week lows, with a clear break below 11000
support last Friday.
2. Targets in the future on the breakdown of the previous lows remain at
10500>>10000>>9500>>9000. All of these levels could provide a nice bounce for the market.
NAS100 broke above 11000 and has made a nice run to 11500 but is still well under 12000.
As long it remains under this level the bullish run is nothing but a dead cut bounce.
11500 remains a major resistance zone and NAS100 needs to break and close above this to confirm bullish continuity.
13000 remains the critical point of resistance to me.
support last Friday.
2. Targets in the future on the breakdown of the previous lows remain at
10500>>10000>>9500>>9000. All of these levels could provide a nice bounce for the market.
NAS100 broke above 11000 and has made a nice run to 11500 but is still well under 12000.
As long it remains under this level the bullish run is nothing but a dead cut bounce.
11500 remains a major resistance zone and NAS100 needs to break and close above this to confirm bullish continuity.
13000 remains the critical point of resistance to me.