Trading news

Nasdaq 100 market prognosis for 19.06.2015

Overview: the Nasdaq 100 is starting a new movement.


Chart1


Daily chart:



The Nasdaq 100 seems to be continuing its uptrend. After being able to stabilize itself in its correction zone exactly at the 20 location point line from the weekly chart, it is now passing into a new movement. During yesterday’s trading day, it even impressively overcame the 20 location point line from the daily chart. The index is clearly on its way to the last point two and with this, it could continue its trend. This trend size is giving out a clear long signal.


Chart2


Hourly chart:



By now, a new uptrend has also been established here. However, the price is extremely far into the movement and should first take time to correct itself. The current correction zone is located between 4476 points and 4440 points. Before this correction zone, however, we still have the 20 location point line from the daily chart, which could just as well entice enough buyers into the market. But if the market continues to stay strong, there does not necessarily have to be a large correction. Either way, we also have a clear long signal here.


Chart3


Intraday:



Since the big picture is giving us the long signal and we have its support, we can also place our trades intraday. First of all, however, the price should run into its correction zone once more (blue rectangle) and start from there. If reversal signals are emitted there, you can enter stops to halt you on the way up to the top. But if this current uptrend breaks through to below the blue rectangle with a closing price, then a larger correction is to be expected. In this case, we would have to wait for a new uptrend.


Chart4


Best regards



Markus Gabel



Head of Sales/Trading


AgenaTrader Trading Software


IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Friday, 19 Jun, 2015 / 9:41

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