Nasdaq is easing back today after hitting its predicted local peak. In the absence of any imminent move on the Interest front, I guess that the movement over the next three weeks or so will be along the path of my green arrow: Down a little, then Up a little, ultimately controlled by the 5-year Support Line and the brown Resistance Curve.
Killeens Financial Banner
Friday, 3 June 2016
NASDAQ hits a local peak and wobbles
Nasdaq is easing back today after hitting its predicted local peak. In the absence of any imminent move on the Interest front, I guess that the movement over the next three weeks or so will be along the path of my green arrow: Down a little, then Up a little, ultimately controlled by the 5-year Support Line and the brown Resistance Curve.
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