Nasdaq bounced where needed, but trip back to top will be TOUGH
So we got a bounce where we really needed per last post (click).
But now we have significant resistance zones on the way back up.
It was a good sign that we bounced into the first resistance zone.
Bulls need to hold 15k round number (even if it is an index).
It is very possible we try to for a double bottom around 14.9k.
Loss of 14.9k would be a very bad sign leading much lower.
But now we have significant resistance zones on the way back up.
It was a good sign that we bounced into the first resistance zone.
Bulls need to hold 15k round number (even if it is an index).
It is very possible we try to for a double bottom around 14.9k.
Loss of 14.9k would be a very bad sign leading much lower.
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