Nasdaq Composite: Reversed lower after hitting Cloud Chart resistance zones:11154/11192.. the bottom end front cloud chart resistance zones!
On the 4 hour Cloud Chart the index testing support at the bottom end of the cloud at 10512! Can see a rebound here if support holds. Bearish outlook remain in place since price action is below the cloud. Rebound swing trade possible from this level if support holds.
On the daily cloud chart bottom end cloud chart resistance held at 11154/11192! Testing support at the 10542 old standard line support zone on the cloud chart.
Downside risk towards old cloud chart support zones of 10399/10215! Price action below the cloud remains bearish with old support zones offering rebound swing trades!
No comments:
Post a Comment