*****TA UPdate (intraday)******
Nasdaq looks like it will retest 3702 and possibly lower, as the TRIN, a/d, and Dow are weak. Perhaps we will get another selloff today intraday, and hopefully will have another reversal today or tomorrow.
Am not looking for a crash, but a little more time in the lower end of trading range. 3521 should hold, perhaps 3614 will hold this week.
If we don't rally this week, then we should do well next wee, but if we rally nicely this week, then we could be weak next week, as there is a little more technical weakness in store for us before a bull market starts. |
