Situation NASDAQ 04.03.2019 2.00 pm NYT trading at Key Support
NASDAQ has a Smash Day Today and broke the big long trendline which is now resistance line.
Thats the reason trend is Neutral now.
Maybe we have a retest of that orange line
that could be used as starting a short postiion.
Maybe we have a direct fall throught the support lines
at 7080.
Here has established right now a new lower long trend line.
I have marked them in Purple.
But if it falls throught that line which crossed
the blue support line at 7080 we have broke a
cross support which is negative
and then we are shure in a short situation.
Thats the reason trend is Neutral now.
Maybe we have a retest of that orange line
that could be used as starting a short postiion.
Maybe we have a direct fall throught the support lines
at 7080.
Here has established right now a new lower long trend line.
I have marked them in Purple.
But if it falls throught that line which crossed
the blue support line at 7080 we have broke a
cross support which is negative
and then we are shure in a short situation.