Strike Analytics

Nasdaq

22 Mar 201704:54 AM

The Nasdaq Composite sold off completing wave 5 of a rally that has been a year Long. I believe this completes a long term structure for the index as it matches many Fibonacci targets for the 2009-2017 structure. The 2-4 trendline at 5564 is the first major support that should be put to test.

nasdaq-220317

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