If RSI breaks descending red sloping resistance line, potential for a strong rally.
Possibly a pitchfork, either way, a pullback before higher
Hi Guys start looking for buy on NDX this time for again upside mode ! hope you Guys don't miss it if it happens ! Use money management!
The intraday bearflag continues, the strongest becomes the weakest.
www.tradingview.com Previous market tops behave the same way. This is just an interpretation of what might happen. For educational purposes.
This quarterly trend line projected from the Q4 '08 and Q3 '10 key lows is what has held up this long-term rally and is extremely significant because of that. There's been some talk lately in the trading community about the reliability of trend-lines and whether or not they're useful, judging by this chart I'd say if drawn correctly they're pretty damn...
The Dow Industrial Index has been making record highs lately but MACD is calling it's bluff. Something to keep an eye on.... Fibs on the chart are from the most recent monthly rally which began last November. For more in depth analysis on this trade and others checkout my site, PatsTrades. Link is in my profile status box. Thanks!
Short for significant retrace, triggers in place; long term trade; invalidation of this setup is close above ATH.
This is my primary hypothesis for and CME_MINI:NC1! . Monitoring for continuation.
Nasdaq left a hanging man candlestick on the daily chart which is bearish and forms at the end of an uptrend. Will look for a short entry tomorrow.
NDX daily has made a new high. Daily MACD not crossed up yet. Tech names are overbought but can maintain this condition if momentum is there.
Nasdaq is still in the green but it was late to the party. The uptrend didn't start until the first week of December.
The very late correction. we are awaiting that correction for too long and here we go. went above every trend line breach after breach without correcting. Still an open gap at the bottom of the last rally. FIB is at the trend. First TP at 0.618 and its a hell of a move. RSI negative and yet dose not show on the chart which means there is going to be a high...
The rally was too high and started to show sines of a pullback. Its time.