After breaking 2429-2430 support again, on Friday June 20, the 2310 target went back IN PLAY. The NASDAQ sold off Monday and Tuesday for a test of the neckline of the Inverse H&S AND the gap...
"Possible support above 2310 could be last week's 2388 low..."
Monday's close was 2385, so 2388 wasn't support...
"...and then the neckline and gap, from 2342-2357."
Tuesday's low was 2352. That DOUBLE SUPPORT was good enough for a rally to retest 2429-2430 broken support, which "should be resistance" on any rally. It was. On Fed day, the NASDAQ managed only to get to 2421.25, then the plug got pulled, as it were. Thursday was a gap down below Wednesday's 2376 low, THEN Tuesday's DOUBLE SUPPORT (neckline/gap low of 2352) got broken, and the 2310 target got MADE on Friday.
Friday's low of 2290.59 was at next support, the April 16th 2286-2291 gap, and the candle is a Bullish Doji Star Hammer. Only bullish with upside follow-thru. On any further selloff, next support is the low of the Right Shoulder (2266) and the neckline (purple), roughly 2269. Resistance is broken DOUBLE SUPPORT 2352, then the 2376 gap from Thursday.
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