75pt Naz chart - We broke a quad bottom in February, retraced to the breakout point and then pulled back. The question is, do we go back to 1800 and set a higher low, or do we stop here with a 50% retrace of the last runup?
VIX may need to go to 32 before before we head up again. But at least we are back in healthy territory.
stockcharts.com
5,100.00 | + | | | 5,100.00 5,025.00 | X + | | | 5,025.00 4,950.00 | X O + | | | 4,950.00 4,875.00 | X O + | | | 4,875.00 4,800.00 | X O + | | | 4,800.00 4,725.00 | X O + | | | 4,725.00 4,650.00 | X O + | | | 4,650.00 4,575.00 | X O + | | | 4,575.00 4,500.00 | O + | | | 4,500.00 4,425.00 | O X + | | | 4,425.00 4,350.00 | O X O + | | | 4,350.00 4,275.00 | O X O + X + | | | 4,275.00 4,200.00 | O X O + X O 9 + | | | 4,200.00 4,125.00 | 4 X O + X O X O + | | | 4,125.00 4,050.00 | O X O X X O X O + | | | 4,050.00 3,975.00 | O X O 5 7 O X O X O + | | | 3,975.00 3,900.00 | O X O X O X O X O X O + | | | 3,900.00 3,825.00 | O X O X X O X O O X O + | | | 3,825.00 3,750.00 | O X O X O X X O X O X O + | | | 3,750.00 3,675.00 | O O X O X O X O X X 8 X O + | | | 3,675.00 3,600.00 | O X O X O X O X O X O X O + | | | 3,600.00 3,525.00 | O X O X O O X O 6 O A X + | | | 3,525.00 3,450.00 | O X O X O X O X O X O X + | | | 3,450.00 3,375.00 | O X O + O O X + O X O B O +| | | 3,375.00 3,300.00 | O + O X + O X X O X O |+ | | 3,300.00 3,225.00 | + O X + O X O X O X O | + | | 3,225.00 3,150.00 | + O X + O X O X O O X | + | | 3,150.00 3,075.00 | + O + O O O X O | + | | 3,075.00 3,000.00 | + + O X O X | + | | 3,000.00 2,925.00 | + O O X O | + | | 2,925.00 2,850.00 | + O X O | X + | | 2,850.00 2,775.00 | + O X O | 2 O | | 2,775.00 2,700.00 | O X O | X O | | 2,700.00 2,625.00 | O X O | X X O | | 2,625.00 2,550.00 | C O X| X O X O | | 2,550.00 2,475.00 | O X|O X O X O | | 2,475.00 2,400.00 | O X|O X O X O | | 2,400.00 2,325.00 | O |1 O O X |High| 2,325.00 2,250.00 | | O X O | | 2,250.00 2,175.00 | | O X O |Avg | 2,175.00 2,100.00 | | O 5 6 | | 2,100.00 2,025.00 | | 3 X O |Low | 2,025.00< 1,950.00 | | O X | | 1,950.00 1,875.00 | | O X | | 1,875.00 1,800.00 | | O X | | 1,800.00 1,725.00 | | 4 X | | 1,725.00 1,650.00 | | O | | 1,650.00 1,575.00 | | | | 1,575.00 1,500.00 | | | | 1,500.00 1,425.00 | | | | 1,425.00 1,350.00 | | | | 1,350.00 01 -------------------------------------------------------------------------------- |