The Nasdaq has made a 50% Retrace to the PCZ of a Bearissh 5-0 while showing Hidden Bearish Divergence just below the Supply Line of the Equidistant Channel; I think it will continue down from here. I don't however have a strong bearish opinion on the other Indexes, just the Nasdaq because the Nasdaq in particular has not presented us with Potentially Bullish Arguments like the other indexes have.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.