Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Technical Analyst, Saxo Bank
Identical picture on Nasdaq 100. Rejected at the resistance at 12,046 closing a few points above 0.786 retracement. June lows around 11,037 is likely to be tested.
Closing above 12,063 will demolish the short term bearish outlook.