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(Overall Market Sentiment) 🐻 Bearish
- My main worry is that the longterm upward support has been broken and had a retest but looks like it could be rejecting off of it for a new Resistance and a lower low / lower high.
- I have a red...
The market is showing many signs right now that before considering another bullish move , NASDAQ:GOOG is very likely to go down atleast to the 1276-1296 area .If it fails to bounce up from there, it might go down further to around the 1230 area before we could expect it to continue going up .(This is as long as we don't break considerably above the red line...
In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Ascending broadening wedge pattern is may trying to tell us something..
Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will...