NASDAQ - make or break
NASDAQ futs down to short term make or break levels.
The trend channel since May remains intact, but NASDAQ didn't have the strength to try much above early July highs and is now back to the lower part of the channel post AMZN.
Note the 21 day is right here. A close below 14800 would mean more short term caution.
Next bigger support down at 14400, where we also have the 50 day moving average.NASDAQ also has that "disturbing" (for bulls) negative RSI divergence.
The trend channel since May remains intact, but NASDAQ didn't have the strength to try much above early July highs and is now back to the lower part of the channel post AMZN.
Note the 21 day is right here. A close below 14800 would mean more short term caution.
Next bigger support down at 14400, where we also have the 50 day moving average.NASDAQ also has that "disturbing" (for bulls) negative RSI divergence.
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