NASDAQ pulling back - for now

As per heads up given earlier, the NASDAQ stalled and is pulling back. The weekly candle is similar to a bearish harami, but should wait to see if this week continues the down draft. Am expecting a bounce around the 23-week EMA. But if it slices through, then it would be a ominous turn of events.

Technical indicators are somewhat bullish, hence expecting the bounce.

Commentaire:

As expected, just TWO WEEKS later, interrim downside target hit.