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Thursday, July 15, 2021

SHORT SETUP FOR NASDAQ

SHORT SETUP FOR NASDAQ

NASDAQ 100 NASDAQ:NDX

The price is moving still in the parallel channel and create a strong resistance.
In other hand Nasdaq has began printing a bearish setup move. There is a M formation which is very choppy and also a potential Head and shoulders pattern on smaller timeframes. One needs to first identify a clear trendline break and wait for a retest to the bullish trendline as depicted on the chart.. Its a good swing trade setup to the strong support 14100'



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