NASDAQ weekly technical report for 9 to 13 may 2016

NASDAQ weekly technical report for 9 to 13 may 2016 NASDAQ this week closed with loss. This index is under pressure and major underperform with 3rd weekly loss.     NASDAQ future after breakdown below 4830 achieved my given tgt of 4690. Below 4690 next tgt level will be 4600.     From long term view, NASDAQ entered into bear market and below 4850 will remain weak. On downside 4450 and then 3900 are 2016 tgts.

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Pramod Baviskar

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