• 33 mins Tesla Struggles To Compete In European Market
  • 19 hours China: The New King Of Caviar
  • 1 day Gold Mid-Tiers Rally On Fresh Earnings Reports
  • 2 days Can The British Pound Overcome Brexit?
  • 2 days Is A Gold Breakout Near?
  • 3 days Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 3 days Disney Beats Out Comcast In $71.3B Mega-Merger
  • 3 days The Feds Continue To Prop Up Equities Markets
  • 3 days Bejing's Sway In South China Sea Is Fading
  • 4 days Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 4 days Airbnb In Acquisition Mode Ahead Of IPO
  • 4 days Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 4 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 5 days Putin Signs “Digital Iron Curtain” Into Law
  • 5 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 5 days Tesla Looks To Jump Into Indian Market
  • 5 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 6 days Homeowners Experiment With Risky New Investment Trend
  • 6 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 6 days De Beers To Expand World’s Most Profitable Diamond Mine
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

  1. Home
  2. Markets
  3. Other

Short Opportunity

Nasdaq Weekly Chart with Fib. Spiral @ Week 34

Many traders are frustrated with the current market, sideways to slow melt up process.  I will reserve some info. for paid subscribers only.  Arguments can be made for the Bull's or Bear's but honestly the bottom line is to make money, period.  Money is all that matters, that IS the bottom line.

Below is a current chart of the Nasdaq Composite, using weekly candlesticks.  Note the breakout and upcoming backtest.

The chart shows a fib. spiral with arrows, a weekly doji with a close lower then the open, and higher high then previous week, lastly two trendlines making a triangle.  The top resistance trendline is now acting as support, this may become important.

I almost forgot to mention the Keltner Channels, clearly showing support at the mid-band, coinciding with the triangle support.

The potential dates have to be reserved for subs, along with price projections.  If you are long the market, this is a great place to tighten your stops. Website,  is currently offering  a free month for a limited time.

NASDAQ 2-Year Weekly Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment