The_Unwind
Short

Nasdaq 100 Break of 6350 = Key Structural Failure

NASDAQ:NDX   Nasdaq 100 Index
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Nasdaq 100 Downside Break of 6350 represents
a KEY STRUCTURAL FAILURE.

If you trade the Nasdaq 100,
I've opted to show the 2 Hour Chart for illumination.
Notice the Important Pattern Support Fall Away Break of NDX 6400
That is the trigger
.
Then a failure rally, back to the prior pattern support point.
the technical expectation after a downside break.

Followed by a sharp almost immediate... 250 point move straight down.

That pattern trigger point failure that I have described
is now technically embedded into the chart.
That is at this point extremely bearish .

Nasdaq 100 needs to reclaim 6350 almost immediately,
to invalidate this most recent very bearish technical development.

Failure to do that
will result in an" ULTIMATE FAILURE RESOLUTION SETUP"
on the chart ,the technical expectation of which
could be a sharp continuation move down to NDX 5000.

NDX Last 6243.19

THE_UNWIND
12/21/18
NEW YORK


Great tip - it nearly hit 6,000. But there's a fairly good consolidation area below 6,000, so now I'm looking for a dead cat bounce in the next week or so.

https://invst.ly/9lftv
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Merry Christmas Unwind - amazing analysis.
Reply
Christmas is very early this year. Excellent work The_Unwind!
Reply
The_Unwind gvoommen
@gvoommen,

Appreciate.
Thank you gvoommen.

Merry Christmas to you, and yours.
+1 Reply
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