Nasdaq 100 repeating technical pattern bodes ill for bulls

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    “Eat, Sleep, Rave, Repeat" was a 2013 single by Fatboy Slim and Riva Starr which featured vocals from Beardyman. The catchy song is not on any of my iTunes playlist and has nothing to do with the stock markets whatsoever, but in a similar pattern of “Eat, Sleep, Rave, Repeat" the Nasdaq 100 traders seem to be doing the same thing over and over again. Let me explain. You see, the last kick-back rally that began at the end of August ended at around 4435/50 resistance on September 17, a level

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