Buy
0
Hold
0
Sell
3
Watch
2
The NASDAQ is forming a potential double top at key resistance. A break below recent lows would signal a change in market character. Gareth is watching the trend line closely.
Most vertical move to all-time highs in stock market history. At upper parallel channel resistance. Gareth expects a big pullback/reversion.
Nasdaq is approaching the upper parallel resistance near 25,000, only ~500 points away (~1.7%). Gareth expects a reversal at this level consistent with the 6-year channel pattern.
Tagged a major gap fill. Could rally back to about 23,000 (another 400-500 points) in the near term, but this is not expected to be a long-term bounce opportunity.
Nasdaq has broken its ascending trendline and parallel channel. Soloway projects a decline back to the 17,000 support level.




