The daily Stoch is crossing up the RSI; and the RSI is crossing up it's own MA. Every time it's done that in the past few years it's been a bottom. Sometimes a bit of selling for a few days afterward, but long term it's been a buy signal. Also it seems to have found support on the 400D EMA. We might see the bear return for February Monthly options expiry the week of 2/18, or 15k resistance. This could also be leg 4 of 5 down.
Note
closer look tradingview.com/chart/fM8PFRpf/
Note
Above 15k, NAS is breaking out of the bear TL and should rocket. 15500 more likely resistance than 15200
s3.amazonaws.com/tradingview/snapshots/g/GzlLNGoY.png
Note
Chinese New Year is bringing low volume so far, so that could help bulls break out of the trend here; but ready to sell and flip short if it turns.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.