As I mentioned before, I've been shorting the Nasdaq 100 because it was leading the others down due to the FAANG stocks. The media says it only just reached bear market territory last night (-3.15%), down 21% from the high. But it is hovering around a strong support line at 6,000, so I'll be looking for any sign of a dead cat bounce some time in the next week or so. But notice that clear gap in the 5,450-5,500 area. Is it a breakaway gap that will never be filled? Here's the weekly:
Weekend 22/12/18 Chat and Charts, page-5
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Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |