NASDAQ Composite Index ( IXIC ) is one of the world's leading indexes, an index of high-tech and rapidly growing companies. My thoughts: I decided to share them with you! In my opinion, a remarkable event has occurred today in the world economy! Today, there has been a significant breakthrough in the ATH (All-Time High) in the history of the NASDAQ Composite...
The NASDAQ Composite it’s showing sign of weakness now, but despite of the two last red candles, it’s still a bullish trend . The price is trading inside an ascending channel, and it found support at the purple trendline again. The price is trading above the 21 ema and above the previous top zone, which is evidenced by the pink line. It lost today the 8950 (thin...
Looking for a possible head and shoulders to form here. Fib spiral of death also supports this.
Daily for 26 August 2019 In Bear territory. Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 7730 - 8005 Price-Trend: .9x ATR
Daily Data for Wednesday 14 August 2019 In Bear Territory Price Projection: 7587 HMA: Very Strong Bear BSI: Bearish Bull RSI: Neutral Bear RSI: Bear 5 RSI: Negative Consolidation:Broken to the low side Price- Trend: 2.1x ATR Prices are now 2.1x ATR away from the mean. Expect some mean reversion (return toward the MAs) before any further movement. Attached...
Daily Data for Wednesday 13 August 2019 In Bear Territory Price Projection: 8104 HMA: Bear/Cover Short BSI: Bearish Bull RSI: Neutral Bear RSI: Neutral 5 RSI: Positive Consolidation: 8065 - 7833 (re-established) Price- Trend: .1x ATR The prices closed in a zone of indecisiveness - this generally suggests covering shorts as it waits for renewed strength to...
Daily Data for Tuesday 6 August 2019 In Bear Territory Price Projection: 7428 (adjusted) HMA: Very Strong Bear BSI: Bearish Bull RSI: Bear Bear RSI: Bear 5 RSI: Negative Consolidation: 7845 - 7662 Price- ATR - Trend: 3x (Expect possible Stall until return to 1X Trend MA)
Weekly consolidation range: Broken to the high Daily consolidation range: Broken to the high Weekly strength indicates a strong bullish attitude Daily strength indicates a strong bull attitude Weekly Bull RSI: No new signals Weekly Bear RSI: Projection to: 8730 Weekly BSI: No new signals Open daily price projections: 8392, 8395 from July 24, 8395 from July...
Lot's of strength - new records have been made The daily close is almost 2x the average trade range, so I anticipate a stall at some point this coming week to allow the averages to catch up. Price projections from July 10 indicate a strong push to 8295 - 8305 Range for the coming week: 8138-8522.
Expecting price movement inside expanding wedge within upcoming next months to form bearish divergence and revisiting 7600 price level area, to make another motive impulse leg up SHORT accumulation area 8400-8300-8200-8100 Fix them in long-accumulation area: LONG accumulation area 7400-7500-7600-7700 Targeting 8200-8400-8600-8800 and more
Nasdaq Composite Index closed at new 2019 highs last Fri. That also coincided with the first close above the weekly clouds for the year. It remains to be our high conviction call that stocks will make new all time highs this year.
In my opinion we are in the middle of a necessary price correction. -We should see a short term downside reversal put an end to the recent rally. -We should see some highly volatile weeks with some sideways movement for the remainder of 2019. -We should see the ABC correction come to an end with price catching support to ultimately form a new bullish channel
Here's a beautiful example of monthly target levels and historical accuracy brschultz / markettimer777
Hard to believe the large gap from 4/24/17 won't be filled since the 2 smaller gaps were.
The NASDAQ Composite Index has not traded below the weekly Ichimoku cloud since mid 2016. It is now trading near critical support levels. A close below the cloud will be quite damaging to the longer term technical picture.
as i already posted my idea on ixic yesterday, I just made a better screenshot. everything under this price is strong buy, it just depends how leveraged you are. good luck, 2020