Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3808 BULL S: 3522.70 6.85 (6.57) RALLY S: 3732.4 3.79 (3.98) S&P 500 1690.5 BULL S: 1623.60 2.77 (2.71) RALLY S: 1678.14 -1.01 (-0.61) Nikkei 14024 BULL S: 13071 2.67 (2.44) DECLINE * R: 14420… Continue reading Key reversal levels for week of October 7, 2013
Tag: Nasdaq
A time to push higher
Stock markets are consolidating recent gains and remain near their highs for the year. With another week of lunar green period to go, this is the time to push higher if the market is inclined to do so. The situation is quite clear on the Nasdaq chart (click for larger image): The market has come… Continue reading A time to push higher
Key reversal levels for week of September 30, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3782 BULL S: 3499.80 6.57 (6.13) RALLY S: 3717 5.17 (5.69) S&P 500 1692 BULL S: 1618.60 2.71 (2.50) RALLY S: 1678.50 3.4 (4.86) Nikkei 14760 BULL S: 13012 2.44 (1.64) RALLY S: 14206 5.21… Continue reading Key reversal levels for week of September 30, 2013
Key reversal levels for week of September 23, 2013
Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3775 BULL S: 3473 6.13 (5.94) RALLY S: 3687 7.80 (7.49) S&P 500 1710 BULL S: 1611.60 2.50 (2.31) RALLY S: 1671.80 8.46 (8.41) Nikkei 14742 BULL S: 12908 1.64 (1.08) RALLY S: 14064 5.78… Continue reading Key reversal levels for week of September 23, 2013
Nasdaq: the optimistic case
Last week we issued a melt-up alert, warning for a buying panic if the Nasdaq broke out above 3730. That seems to be what we are getting right now. How would things proceed if this most optimistic scenario continues to unfold? Here is a chart projecting a path forward for the Nasdaq (click for larger… Continue reading Nasdaq: the optimistic case
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