nasdaq still in a bull market!, page-4

  1. 419 Posts.
    There is resistance at 1327, December low, to have a crack at 1450 - the gap low on this downleg.

    There is alot of work Nasdaq must do imo, to be considered 'bull' We're trading in technical oversold weak bear shake out.
    I will get bullish when Nas breaks above 1520 and the immediate retracement holds above this downleg high @ 1427. It definitely would have established an early trend via a higher high and higher low. I use a 3wma/8ema x-over with a 14 day RSI rising above 25 to 30 & identify bullish reversals on the weekly chart. I am sure it will establish an uptrend, but no sign of this happening.
 
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