NASDAQ is forming a nice Cup & Handle pattern on the daily aiming to find support around the 200d EMA and enough buyers to push the price to ATH.
A similar pattern was seen in the 2009 bottoming process, successfully defending the 200d EMA and resuming the secular bull market.
The same goes for the 2008 failure to hold the 200d EMA giving us a clear invalidation point for our setup
If NASDAQ looses the 200d EMA most likely the bear market will resume
A similar pattern was seen in the 2009 bottoming process, successfully defending the 200d EMA and resuming the secular bull market.
The same goes for the 2008 failure to hold the 200d EMA giving us a clear invalidation point for our setup
If NASDAQ looses the 200d EMA most likely the bear market will resume
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