Nasdaq: Still in an uptrend
Of course yesterday's big drop could be the start of a top in the Nasdaq - but now that is not confirmed
Price is still above its rising trendline and 50 DMA, which means the pullback is a correction - and iif the uptrend is to continue, a dip to be bought
Price is still above its rising trendline and 50 DMA, which means the pullback is a correction - and iif the uptrend is to continue, a dip to be bought
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Let's see how we close - time to readjust