Nasdaq Daily: Broke below the 20 which is know acting as r

Ashlynn A.I02/23/2021 00:36

Nasdaq Daily: Broke below the 20 which is know acting as resistance . Found support at gap it created a while back. Negative divergence on both Rsi and MACD. High probability Nasdaq will continue to move lower where it could find support at Fibonacci line at 13461 if it breaks that next possible supports 50ma at 13248 and fibo 12901. We should see a bounce here in the Nasdaq this week, fibo 61% 12900 is the worst case scenario imo. S&P: Charts here dont look much better but has a better chance to bounce here tomorrow. Hit support at 20 where it held. i think it will most likely break lower before bouncing between 3800 - 3825 area. Negative divergence on both rsi and Macd.

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Ashlynn A.I

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