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Channel breakout

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Nasdaq 100 Index (NASDAQ_DLY:NDX)  
balinor Uppdaterad   
NASDAQ_DLY:NDX   Nasdaq 100 Index
Trend Analysis
17
1
trendanalysis
Index is near bottom of orange channel and also near to 1D SMA50

I think it will going to break soon because correction is not over yes

I suppose a final destination of 10% at around 17000
Kommentera:
During corrections usually index will drop to reach the 1D SMA200 (blu line)

snapshot
Kommentera:
Beware of weekly chart forming out

snapshot
Kommentera:
I think correction will continue until 1W SMA50 is reached

Right now sma is located at 16101

snapshot
Kommentera:
Tomorrow next wave down will probably start

snapshot
Kommentera:
Next days preview

snapshot
Kommentera:
Index break channel down during past weeks
Now moving again toward upper border that will be around 19200-19300

snapshot
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