NASDAQ completed a bearish 1234, on it's way to 7560

Nasdaq had some aggressive selling versus S&P500 and Dow Jones. This could be partly that people are selling into higher risk stocks (in nasdaq) and buying into value stocks in S&P500 and Dow Jones.

Using NAS100USD as a proxy, there was a sell at 7870. Now this trade is profitable at 140 points.
We are predicting that NAS100USD will continue to fall towards support level 7580 being our first target level.

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Trade closed at profit 7580 for a neat 300 points profit.
Also shorted Dow Jones along side with selling Nasdaq.