NASDAQ (Daily) – Bears are fine while below 6370/4000
We made a correct call about the shorts at the top of the channel (available here). The Bears are still happy below the 6370/6400 zone on daily basis and retest of the latest low is possible as well.
The daily close below may expose the 5000 or even 4600 mark but we are not going to be surprised to sees an aggressive rally above 6400 which may expose the top of the channel again eventually.
Should you have any questions feel free to contact us anytime.
Good luck Champs!
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