Nasdaq continues down, as forecasted long ago. Several recent technical events suggest a decline towards $9000 or possibly lower. Let’s have a look from different angles.
In this analysis, I will evaluate the candles that Nasdaq formed on multiple frames. We will discuss several major technical events that happened recently and analyze the long and short term perspectives for NQ using Elliott Waves. In addition, I will compare the NQ’s technical events with SP500, Russell and DJIA.
This post is part of the @InvestingAngles Series that covers US and major global indices; bonds and volatility, commodities and miners, currencies and crypto, and some large cap stocks.
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Previous NQ Analysis:
Alert of Major Tech Event in NQ:
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