ChartArt

Nasdaq Composite Near A Short-Term Top Above 5000 Points

NASDAQ:IXIC   NASDAQ COMPOSITE
119 1 3
No sell recommendation until the Nasdaq Composite             starts to follow the idea I projected here.

Scenario: Potential decline starting around late this week, early next week (July 15-19), with support around 4900 points.

Entry: When this Friday, next Monday shows growing weakness and falls below 5000 points.
1. Target: 4900 points
2. Target: 4800 points (monthly pivot point )
Stop loss: 5035 points

With short entry at 5000 points; Risk: 35 points (5035). Reward: 100 points (4900), or 200 points (monthly pivot at 4800 )
Comment: 0 upvotes for my chart after two days and the FTSE 100 looks today (Thursday) like this = growing chance of a reversal in the next days:

:)
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