NASDAQ Analysis for July 17, 2026
Last time we failed to break above the 1/2 margin level, and no reversal into a bullish cycle occurred. In fact, the 1/2 level acted as resistance, and a bearish margin cycle played out yesterday.
We are currently beyond the full margin zone of the bearish cycle, so I am staying on the sidelines for now. I will look for long entry opportunities if price reaches the 28250 level, which is the next margin zone.
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