It has now clearly broken that trendline. Counting your lines, that makes the 9th consecutive trendline break.
I daresay we have a bear trend in place.
The 1389 major support line is now crucial, it SHOULD be the rally point a 3 or so week rally.
If 1389 fails, we will have a our panic numbers.
NASI getting closer and closer to -1000 without fear escalating significantly is saying the Bulls still are in peace and contentment.
I , at this time, do not see the classic fear indicators emerging until the 2nd sell-off plunge, which i see starting in the June/July time frame.
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