Trading news

Nasdaq 100 – prognosis via Dow theory for calendar week 31/2015

Weekly chart:

As I mentioned last week, the Nasdaq 100 was far into the movement, making an entry no longer advisable. In the mean time, the index has now gone back into the last correction zone and is stabilizing itself at the last point two at 4555 points. The chance for a new entry is currently available.

Chart1

Daily chart:

In the daily chart, the image becomes clearer. The last correction led the market back to the 20 LP, and now seems to be transitioning into a new movement. An entry is now possible. The stop should be located beneath the white correction zone.

Chart2

Hourly chart:

A nice new uptrend has already been established here. Possible setbacks can be used for an entry at any time. In this trend size, the necessary stop is at approx. 4490 points.

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, 29 Jul, 2015 / 6:42

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