Trading news

Nasdaq 100 – prognosis via Dow Theory

Weekly chart:

The uptrend in the Nasdaq 100 is still valid and was able to form a new high at 4729 points. The trend is still very young but is, however, coming to somewhat of a standstill this week. Nonetheless, the trend will remain intact as long as it does not exit downwards out of the green correction zone.

Chart1

Daily chart:

Once again, in this week, the index was unable to decisively set off upwards in this trend size and kept failing at the marker at 4729 points. This meant that a valid trend has still not been able to form, since for this we would need a closing price above the last high point. We still need patience, therefore.

Chart2

Hourly chart:

In the last analysis we talked about the fact that the short-term probabilities are rather more likely to be found on the lower side. And this was indeed the case this week, such that we now have a valid downtrend. This has corrected far and is showing a strong tendency towards continuing the trend downwards.

Chart3

Please follow me on Facebook and/or Twitter (daytrader70).

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

All the best

Markus Gabel

Sales partner / 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.

Friday, 11 Dec, 2015 / 10:32

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Pound Calm Early In The Week

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex   Last week, the Pound [...]

Posted on Monday, 22 Apr, 2019 / 1:37 under

Palladium completed its post-impulse correction

Palladium completed a mid-term correction after the quotes collapsed at the [...]

Posted on Monday, 22 Apr, 2019 / 10:45 under

Market becalmed in quiet holiday trading; US house sales, Australia CPI

Market Recap Please notice the scale on my graph of the trade-weighted [...]

Posted on Monday, 22 Apr, 2019 / 7:20 under