Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3342 Up RALLY S: 3568 Up S&P 500 BULL S: 1579 Up RALLY S: 1673.40 Up Nikkei BULL S: 12574 Up RALLY S: 13955 Up * FTSE 100 BULL S: 6284 Up RALLY S:… Continue reading Key reversal levels for week of August 5, 2013
Tag: Nasdaq
LT wave chart for August
Markets came under pressure last week, but held up very well. The recent lunar red period produced a 27 points gain in the Nasdaq, which means the market continues to display strength. Another push higher is in the cards with a new lunar green period now underway. Let’s have a look at the S&P 500… Continue reading LT wave chart for August
Key reversal levels for week of July 29, 2013
Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3314 Up RALLY S: 3533 Down S&P 500 BULL S: 1571 Up RALLY S: 1662.30 Down Nikkei BULL S: 12533 Up RALLY S: 14043 Down FTSE 100 BULL S: 6267 Up RALLY S: 6487… Continue reading Key reversal levels for week of July 29, 2013
Stops were taken out
A brief follow up on yesterday’s post. The trailing stops for Nasdaq and crude oil were both taken out yesterday, and their daily momentum continues to be down. The daily momentum for S&P 500 index also turned down yesterday, so that means we can now use a trailing stop just below yesterday’s low for that… Continue reading Stops were taken out
Fear of height
Markets have kept up very well, despite being in a lunar red period. This increases the odds that we are going towards August highs for the US markets, but we have to see how we finish the red period later this week. Let’s have a look at the Nasdaq chart (click for larger image): The… Continue reading Fear of height
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