Comments on the key levels for this week : * No changes in our weekly key reversal levels for major stock indexes. * On the daily level we have some flip-flopping going on. Nasdaq and S&P 500 have joined the Nikkei by going into bearish mode with downward momentum (MoM). The DAX and FTSE100 remain… Continue reading Key reversal levels for week of May 19, 2014
Tag: Nikkei
Key reversal levels for week of May 12, 2014
Comments on the key levels for this week : * Little change in our weekly key levels for major stock indexes. For Nikkei we have MoM turning down, which indicates a continuation of bearish mode, now in its 8th week. * On the daily level the Nasdaq and Nikkei remain in bearish mode, while the… Continue reading Key reversal levels for week of May 12, 2014
Key reversal levels for week of May 5, 2014
Comments on the key levels for this week : * Major stock markets have put in a strong week. The FTSE100 has broken above its weekly key reversal level and is now bullish again. This leaves Nikkei as the only major market that is still bearish on the weekly level. Meanwhile weekly MoM is turning… Continue reading Key reversal levels for week of May 5, 2014
Key reversal levels for week of April 28, 2014
Comments on the key levels for this week : * Major stock markets continue to show a rather mixed picture in the weekly key reversal levels. FTSE100 and Nikkei remains mildly bearish with MoM turning upwards, while the Nasdaq , S&P 500 and DAX are mildly bullish with MoM going down. This picture will eventually… Continue reading Key reversal levels for week of April 28, 2014
Key reversal levels for week of April 21, 2014
Comments on the key levels for this week : * The Nasdaq and the Nikkei tested their Bottom1 targets last week and bounced back strongly. For the Nikkei we now see weekly MoM turn up, the first major index to do so. This is a tentative sign that the recent “correction” may be over already.… Continue reading Key reversal levels for week of April 21, 2014
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