Chart Talk {04.12.17}

Today in response to a question we are showing a chart of the Nasdaq Composite.  Chart is from tradingview.com and you can double-click on it to make it larger if you would like.  The question that is not answered on the chart is what will be the resolution of the current trading range represented to the top and left of the chart.  Is this a topping action or a consolidation before the index powers forward to new highs?  Only time will tell.

*Long ETFs related to the Nasdaq Composite and the Nasdaq 100 in client and personal accounts although positions can change at any time without notice here or on any other form of electronic media.