NASDAQ Composite Technical Analysis
Cycles and technical indicators were waving red flags in late May and early June. What are they saying now?
- NASDAQ McClellan Summations Index ($NASI) -> swing trend is down
- $COMPQ broke below 100D MA -> Intermediate trend is down
- Riding lower Keltner, which is pointing down ->bearish
- Next support is 200D MA, but the Gap is a magnet
- NASDAQ McClellan Oscillator is still bearish
