Emini Nasdaq Channel Breakdown Target Aug 20, 2015
By Lawrence
End-of-day Update: The original upside target from Jun 8 (top purple highlight) was tagged at channel mid and we’ve got 2nd channel break since. Channel break from channel mid usual starts a more serious down trend. The downside target is where the previous resistance trend line should be. This points to below 4300, where the extended blue line is sitting at right now.
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Emini Nasdaq Channel Breakdown Target Aug 20, 2015
End-of-day Update: The original upside target from Jun 8 (top purple highlight) was tagged at channel mid and we’ve got 2nd channel break since. Channel break from channel mid usual starts a more serious down trend. The downside target is where the previous resistance trend line should be. This points to below 4300, where the extended blue line is sitting at right now.
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