Trading news

Nasdaq 100 – prognosis via Dow theory for calendar week 30/2015

Weekly chart:

The Nasdaq 100 continued the trend and is now located above the last point two, meaning that it is far into the movement. An entry is no longer sensible here.

Chart1

Daily chart:

From the perspective of the Dow theory, finding an entry in the last rise was not easy, since the previous green trend was broken by the severe correction (blue line). This was followed directly by the sharp rise, without any possibility to get into the market once more via a correction. In a case such as this, one inevitably has to switch to the smaller trends.

Chart2

Hourly chart:

In this image you can see that an entry via the corrections would have been possible. Currently, the market is in a correction. Here, I would wait until a new uptrend develops, in order to then reel myself back out into the market according to the primary long trend.

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, 22 Jul, 2015 / 12:55

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