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The Nasdaq Composite ($COMPQ) is showing weakness, breaking below key technical support levels and potentially heading lower. This suggests a bearish outlook for the index.
Main discussion
Market keeps selling off but #Gold via the $GLD keeps rallying. An extended pocket pivot today at the 50-dma following yesterday's BGU out of a short flag. Meanwhile the NASDAQ $COMPQ breaks below 20-dema support and now appears set for a test of the 50-day. #GotGold #EatMyShorts
$SPX and $COMPQ weekly charts ending the week as suspected.
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