Trading news

Nasdaq 100 – prognosis via Dow theory for calendar week 29/2015

Weekly chart:

The Nasdaq 100 has seemingly started a new movement and is approaching a breakout through the last point two and with this, a continuation of the trend.

Chart1

Daily chart:

Here we can see how difficult it is to trade the market currently. The trends (red and green) are constantly alternating. At the moment, the red downtrend has been interrupted again and a new uptrend is forming. However, here it is advisable to wait for a setback in order to then search for an entry to the top. Currently, the chances of the primary uptrend asserting itself have increased once more.

Chart2

Hourly chart:

The sharp rise has caused an uptrend to establish itself here, too. This definitely still has upwards potential, which is why one can still assume a long position here. Possible setbacks can also be used for an entry.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

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.

Wednesday, 15 Jul, 2015 / 12:25

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