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Not looking good for the NASDAQ

Not that you should be surprised after yesterday, but all signs are down.
1) Broke up channel
2) RSI in down channel and pointing down
3) MACD crossing over

Note

Based on the MACD and RSI we could see a small rally this morning.

snapshot

Note

I am going with a gap up tomorrow to close the gap.

snapshot

Publications connexes

S&P 500 Grand Supercycle waves since 1994 - Corrective wave C?

Dow Jones wave count since 1896

NASDAQ making a break for ATH but channel blocking from higher

S&P 500 riding bottom of up channel and under resistance line

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