Same place as yesterday. Higher volume today but well below the 50 day average. Looking at the time cycle from the July low to the top of the swing, Friday/Monday is 50%. Price did break below the marked swing high interday but quickly recovered.
While I am still biased to the downside today, if price gets to a new high by next Monday I would switch back to a weak uptrend.
Tags: Nasdaq Charts · Square of Range · Swing Charts · VolumeNo Comments
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