(CercleFinance.com) – The Nasdaq fell by -2.5% (worst decline since January 1, and even since December 15) and materialized a clear break from 11,700.
It was close to a breakout ‘gap’ opening below 11.680 (after the one opened below 11.853 on 02/16, marking the sinking of the short-term oblique support) but closing at the day’s low , below 11,500 (ex-zenith of December 4 and 11), is clearly a bad omen.
The Nasdaq seems well on its way to closing 2 ‘gaps’: that of 11,334 on January 25 then that of 10,743 Pts on January 10.
The annual rise has just melted by 38%, from +15% at 12,270 (02/02), to less than 10% at 11,491.
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