• 14 hours Why Germany Is Going To War With Gold
  • 2 days Gold Is Still Cheap Compared To Stocks
  • 2 days Are Cryptocurrencies Funding Terrorism?
  • 3 days Promising Oil Companies To Watch In 2020
  • 3 days Could China's Coronavirus Outbreak Impact U.S. Stocks?
  • 4 days Tesla Stock Continues To Soar
  • 4 days What New Economic Data Reveals About Gold's Trajectory
  • 5 days The Lucrative New Tech Hijacking Your Privacy
  • 6 days The Biggest Loser In The China-U.S. Tariff Tit-For-Tat
  • 6 days Trade War Takes Its Toll On Shipping
  • 9 days Is $90 Oil Possible? An Interview With Jay Park
  • 9 days Billions Of Dollars Are Flooding Into The Flying Taxi Space
  • 10 days Is This The Most Important Energy Project Of 2020?
  • 10 days Startups Are Dying To Give You A Better Death
  • 11 days U.S. Restaurants Are Struggling With Rising Labor Costs
  • 11 days The Banking Bonanza Is Just Getting Started
  • 12 days How The Trade War Ceasefire Will Impact The Energy Industry
  • 12 days Who Is The Most Dangerous Person On The Internet?
  • 13 days SoftBank Sees First Quarterly Loss In 14 Years
  • 15 days Prepare For An Oil Glut In 2020
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

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
Larger Image

 

Back to homepage

Leave a comment

Leave a comment