NASDAQ Technical Analysis:
Nasdaq reached my September target and pulled back at levels(2155-2160) that I mentioned in my monthly forecast. As you see in the chart 2155 acted as support in March and July 2008 and became strong resistance in September 2009. Pay attention to 2016 if Nasdaq break the up-trend (see the chart in dart blue)then drops below 2016 bulls should be very concern.
NASDAQ Forecast End-month Update (Aug)