So, the graph has now hit the Trend (Resistance) Line. If it breaks through this line, I will conclude that the down-trend is over, and for the next while down-swings will bounce off the 5-year Support Line. The former height of 4710 could be achieved by July.
Killeens Financial Banner
Wednesday 25 May 2016
NASDAQ 100: Is the down-trend now over?
So, the graph has now hit the Trend (Resistance) Line. If it breaks through this line, I will conclude that the down-trend is over, and for the next while down-swings will bounce off the 5-year Support Line. The former height of 4710 could be achieved by July.
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