The broad markets always climb a long term wall of worry. With strong tech earnings, can the Nasdaq continue despite rising rates on the horizon? Here are the key support levels in E-mini Nasdaq 100 index futures to watch.
Near complete triangle in Dec Corn with measured blue line resistance at $574 and wave E. Waves B & D are key triggers with confirmation for the pattern. Black line $497'2 forms symmetry and is a level to watch on a pattern break.
All week professional asset managers and large mutual fund companies have held the idea that as long as the Fed continues to prop up the economy the outlook is bullish for the market. A single chart not only disputes that outlook from managers running billions, but shows us that the best indicator of price is price itself.
The head-and-shoulders is on of the most recognized patterns in all of technical analysis. With the correct development, confirmation, and setup this high probability pattern deserves study by any serious trader.
Each swing on this monthly look at Goldman Sachs is important and has a mathematical relationship in price. When time, price, and pattern come together markets can change trend or reverse. NYSE:GS
Long term NG has been working a complex Elliott Wave correction lower reaching blue line projections at monthly $1.682 with a retest and bounce on momentum divergence. Market needs a zero line cross in momentum and break of the red line wave B to get long here.
Complex overlapping corrective structure is defined by the orange median line study. Mathematical symmetry and momentum divergence at blue line $319 can signal price exhaustion as this level has been tested 3 times.
The final swing looks to be developing in 5 waves of (c) and a break of wave 4 signals a reversal with a turn down in momentum target red line wave B...
One approach to trading a box range is to find a consolidating range bottom with low volatility. Buy when there is a test of the support level in an uptrend, placing a stop loss if price makes a new low. Increasing volume should confirm buying interest. After a breakout, buy on a throwback and retest of the resistance line.
