Trendline broken, if not able to take back today, will have further downside next week. The 5 MA still pointing down.
Looking like a long move towards new all time highs for the SP, NAS and possibly Dow.
NDQ- Short term, may test support of 20-day moving average (brown line). Currently price action is still above a rising 20-day moving average. 200-day moving average also nice health upTrend slop.
Pink UpTrend Line- 2009-2015. 2015- Sideways trading. Red UpTrend Line 2016-Present day.
Nasdaq100 (NDX) Vs ROM (Double leveraged US tech ETF) Vs TQQQ (Triple Leveraged US Tech ETF). To all the naysayers.. that leveraged ETFs don't track their underlying index by the amount they're leveraged to. Look at the following long term chart. In a bull market, they more than adequately do!! NDX- x3 return since march 2010 ROM- x8 returns since march...
Nasdaq100 index. Healthy UpTrend. Red line since 2009 to 2015. Sideways consolidation around 2015. Pink UpTrend line from 2016-present.
Market is over extended and MACD is looking bearish. Possible head and shoulders forming (time will tell) NASDAQ is due for a correction to the 50, 100 or 200 day SMA. In the long run it will see a MUCH larger correction (50%+). Anyway if this isn't the absolute top before the 50%+ correction then look for support on the 50,100 and 200 day for buying...
Steady, stable growth and more to come. Aside from the tech bubble and the 2008 financial crisis, the nasdaq has followed as much of a nice steady growth rate as you could reasonably expect, and the recent years have been no exception. Remember that compound growth is exponential. That's why logarithmic charts are so important for longer time frames! Otherwise...
NASDAQ is on the edge of a 30% retrace which is healthy and the bullish trend would still be intact. *This is NOT investment advice, it's just my personal opinion, trade responsibly.
I saw some bearish signals on macd also rsi is overbought on 4h chart. Profit Targets: 7135.4 7107.2 7085 Stop Loss: 7187 Have a nice day, Berk.
Last post: May 29th. See chart . Review: Price was trading just below resistance. A break and close above was required to suggest a bull trend continuation. Update: The break and close was confirmed by the close of trading yesterday. Conclusion: A bull trend continuation is now required to give confidence in the next bull run in stocks. Any comments or...
FAANG vs tech and FAANG vs big cap analysis since 2014 ...
QQQ completed a Gartley Sell signal today, and closed with a bearish gravestone doji looking candle at the .786 resistance area. Not much else to say, but this looks pretty bearish.
Coming to the end of the symmetrical triangle. Could go either way. A lot is, of course, depended on things outside the technicals. If we fall below the February lows, then DANGER ZONE. I post this mostly for my own ammusement.
NDX has formed bearish Bar on daily as well as on 4hr Chart. It shows that bears are in control till 6575-6537.Daily Trend is Up but I will Short at 6630 with The STOP Loss of 6665 For The TGT of 6575-6530. My View is is for day trading.
Nasdaq has broken the daily trendline from February 2018'. I will buy Positional with stoploss of 6580 for target 6800.