Tuesday, 25 August 2015
NASDAQ overshoots in Chinese Fall bounce-back
Line A is the long-term Support Line that has held since 2013.
Line B indicates an emerging down-trend (in anticipation of coming interest-rate hikes, I suppose).
The bounce-back from the Chinese Fall has crashed through this emerging Resistance Line, but I expect the down-trend to re-assert itself, with probability that this Resistance Line will be re-instated.