Analysis Explanation
The Nasdaq Omx Group has rejected the 77.80 resistance level
In addition, the price has now broken the floor of the rising trend towards the floor of the trend channel, which should give a reaction up.
Has reacted back after the break of the rectangle formation.
There is support around 72.59, which now indicates good buying...
I've circled in yellow some bearish divergence on the Nasdaq . notice the overall similarity in structure of the recent pattern to the pre-crash of 2008. I would be watching this closely, but I'm yet to call this a big short due to the relatively small amount of bearish divergence this time around when compared to pre-'08 crash. if anything negative does happen,...
