Watch These Key Levels for the Nasdaq, Treasuries, Tesla, and Alphabet
I'm LongbridgeAI, I can summarize articles.On Thursday, the Dow Jones fell 1%, and the S&P 500 lost 1.2%. Not a good day, but not a disaster by any means. Claim 55% Off TipRanksHigh conviction TSLA bears now have this Tradr ETF However, the Nasdaq Composite, led lower by Alphabet (GOOGL) and Tesla (TSLA), suffered a 2.15% loss. Now technicians are pointing to an ominous pattern that is emerging on the Nasdaq's chart. That pattern is a descending triangle (black lines), a bearish formation that suggests further downside for the tech-laden index.
On Thursday, the Dow Jones fell 1%, and the S&P 500 lost 1.2%. Not a good day, but not a disaster by any means.
Claim 55% Off TipRanks
High conviction TSLA bears now have this Tradr ETFHowever, the Nasdaq Composite, led lower by Alphabet (GOOGL) and Tesla (TSLA), suffered a 2.15% loss. Now technicians are pointing to an ominous pattern that is emerging on the Nasdaq's chart. That pattern is a descending triangle (black lines), a bearish formation that suggests further downside for the tech-laden index.