Low 29th October
Establishes a 2 week cycle low
Next cycle low end of this week
Reversal established when index gapped above 7071 on 7/11
Double bottom (pullback) at 50% retracement off the reversal
31st October opening gap now filled
The combination of these factors signal a bullish rebound.
USTECH 100 might go up in the next couple of weeks, when it reaches 7200 there is a risk of falling down to 7000 , if it breaks through 7000 it could potentially go down to 6800.
The underlying trendline and weekly 20 moving average have provided the bottom numerous times. No reason this will not continue to rise through a re-test of 6000.
Simple trendline and 50 day moving average both of which have provided great support this year. Price and RSI bottoming onto these support areas, so I'm a buyer here looking for >6000.
This despite the RSI divergence on this chart which suggests a correction is coming (but not right now).
Hi Everybody, As you can see form the Chart, the Monthly Nasdaq is now in its DP resistance zone. so does this mean that the Nasdaq is now set for a meaningful decline ?
Steve
NASDAQ 100, unexplored territories probe ...
I do not think it will go beyond 5970
I would go short under 5898, at the break of the bullish channel that began on July 6,
with target in area 5750
Nasdaq 100, bearish pullback?
The Nasdaq 100 I think is completing the pullback of the last breaked
bullish trendline (red dotted line)
I would go with a multiday short
under 5560 with target 5538
and stop 5715
Looking at the US debt, Japanese debt and the recent slowdown in China I think we are in for a fall in Indices in a big way. I am seeing far to much volatility for these highs to be sustainable.
Record highs in FTSE, CAC40 and Nasdaq recently and a current P/E ratio of approx 22x ( basically companies are valued 22 times more on the stock market than their actual...
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...
Daily head and shoulders formed - missed short at 4810 (right shoulder 61.8% retracement)
|Missed Short: 4810 |Stop (Over Head): 4917 |Target: 4400 |
Looking to take a short entry on an hourly pullback next week.
TECHNICAL:
- Head and Shoulders (right shoulder entry missed)
- Flat Neckline
- Expecting sell off to test neckline at 4650
- 20MA crossed under...
The NASDAQ-100 is an index that is constituted by 100 of the largest companies listed on the NASDAQ stock exchange, which is the second largest in the world only after the New York Stock Exchange by market capitalization. The companies that are listed in this index range from a variety of industries like Technology, Telecommunications, Biotechnology, Media, and Services. The NASDAQ-100 was first calculated in January 31 of 1985 by NASDAQ and it is a modified capitalization-weighted index. This index has been of good reference to investors that want to know how the stock market is performing without financial services companies, this given that the index excludes financial companies.
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NDX (Derived Data)
