Nasdaq Composite Index Fighting hard for support at the top end of the Weekly Cloud!
The current 16% correction can turn into a +20% correction towards the bottom end of the weekly Cloud Chart (CC)support zones! Currently the index is fighting hard for support at the top end of the weekly Cloud! If support fails here there is more downside to come!
Keeping an eye out for a rebound relief rally from the top end of the weekly Cloud and for a rebounds from key CC support zones on the daily CC.
So far there been a few quick swing trade rebound from key moving averages to resistance zones!
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