This chart is to show that the Nasdaq has the potential to fall further from current highs. There is a lack of support areas in the nearby area to bolster the idea that the trend will continue upward for much longer. Three different levels of support have been shown which can indicate where the index may drop towards, and where it may trend for the next decade or so. It seems possible from my viewpoint, that the index could potentially stay below the current top for over a decade.
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