Nasdaq Top - Discuss ..........Here are my arguments !!

[wallstreet1928]

NASDAQ - I am Keeping a very close eye on this chart as potential top is in place for me ............

especially with death of QE 3 .......no more POMO nasdaq !!

Technical argument for sell off

1. upward sloping wedge broken = bearish pattern

2. H&S formation

3. bear flag

4. failed @ 75% fib resistance and no HH registered = bias change

 

[wallstreet1928]

NASDAQ - I am Keeping a very close eye on this chart as potential top is in place for me ............

especially with death of QE 3 .......no more POMO nasdaq !!

Technical argument for sell off

1. upward sloping wedge broken = bearish pattern

2. H&S formation

3. bear flag

4. failed @ 75% fib resistance and no HH registered = bias change

Timberrrrrrrrrrrrrrrrr


and down we go .......

one should be + 60/70 pips already

b/e stop and enjoy the ride