NASDAQ INDEX (US100): Correction Continues for CAPITALCOM:US100 by VasilyTrader — TradingView

Parallel Channel Rectangle Wave Analysis us100 US30 us500 nasdaq dowjones S&P 500 (SPX500) Technical Analysis Contains image

parallelchannel rectangle waveanalysis us100 us30 us500 nasdaq dowjones spx500 technicalanalysis containsimage

snapshot

After quite a long consolidation within a wide horizontal range
on a daily, US100 index violated its support.

That violation is an important sign of strength of the sellers.
It may trigger a correction lower, at least to 17500.

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