(CercleFinance.com) – The last hope of escaping a correction is fading: no ‘reintegration’ of the Nasdaq index above the support of 12,600 (24/02 and 14/03/2022 then 8/3 /2021), and not even 12,500 (from 04/26).
The Nasdaq sinks well below 12,350 (April 29 low), then makes an incursion below 12,000, which definitively validates a bearish head and shoulders (14,150/16,200/14,600).
The first objective on the downside is at 10.630 (low on 09/24/2020) and the next at 9.820, the former all-time high on 02/19/2020.
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