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NASDAQ key support levels - First chance is this morning
Here are the key support levels that I see for the NASDAQ. You can see that this morning we are testing both the support of the down channel and the 0.7 fib retracement. Hope would be that we see a rally today. If not and this causes panic, we could drop down to the lower fib levels of 1, 1.2, etc. You can see how well they line up with the price action from 2020, so keep watching these levels.
Note
Ouch, that was a tough day for the NASDAQ. Pretty much disregarded any support lines that I had. Lets hope that we get a rebound tomorrow, else this selloff is going to start to snowball.Note
with 20 and 200 day averages
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.