NASDAQ COMPOSITE’ (IXIC) is also ready to continue falling.
We have the bearish divergence on the RSI , which resulted in a huge crash when it showed up back in the year 2000.
Right now is different, IXIC is already going down strong.
Expect for to go down further.
Support levels marked on the chart.
Note: This is no trade advice.
It was a very exciting trading week ended on Friday 04th October 2018, it just goes to show that what goes up must definitely come down.
Based on the last 2 trading sessions, the question we should be asking now is how far down will the markets be going? What does this new week bring? Some weeks it is difficult to technically forecast the market movement and I...
This major US index is featuring for the first time on our TradingView blogs.
Current setup: Price has been trending well and may be the first index to breakout from consolidation it has been in since the start of 2018.
Conclusion: Patience needed until a break and close as well as a bull trend confirmation above the March 2018 high.
Any comments or...
Dollar Index DXY is sitting on critical support, a break below 91.00 opens the door to 88.50 which is a confluence of:
1) 61.8 fib of the from 78.97 to 103.57 = 88.50
2) it is also the 1.272 fib retracement from 91.98 to 103.57
3) 88.50 area has also acted as previous resistance on 2 occasions and is the break out point