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Modern monetary theory has been…

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Weekly NDX Chart

Here is a basic chart of Nasdaq-100 ticket symbol NDX showing a few different techniques used. This shows about 5% of what I use in determining my decisions trading the market.

First you may notice the down channel trendlines with 2 consolidation periods. We are currently breaking out of the second one.

Breaking out from a large ascending wedge, and consolidation channel shown on the chart. Looks very similar to the last one. Take notice of the violated trendline on the wedge with a backtest in both.

Next I show a lower weekly close on the cycle low and lower weekly close on the cycle high. This has a bearish look so far in the Comp. Other indexes have broke out to the upside. Some may interpret this as intermarket bearish divergence.

At the bottom of the chart you can see the macd indicator suggesting lower prices. It just gave a signal crossover AND a potential centerline or zero line crossover.

Last I want to take a look at is the rsi 5 oscillator on the bottom of the chart. It is currently starting to enter into oversold territory.

I have had particular dates for a potential crash cycle for months. All my current subscribers and associates were aware of these dates. The move on Friday was absolutely no surprise to me but is it over?

NASDAQ Weekly Chart
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