aloni-ta

aloni-ta

The DJI completed a cup and handle formation and run up, completed full EW moves and traced back to the 150 SMA after a nice profit taking moves. Will the santa claus rally will move it back up or the bears are strong enough to break below?

aloni-ta

NVDA signals are in conjunction: Head and shoulders 150 SMA Weekly 50% fibo level

aloni-ta

The nq100 decided to close the gap that was opened during the weekend. moved down to the 88.6% fibo level, which was in conjunction with the previous top. As i read it, the bulls yet to say the final word. i think there's going to be another push up, i don't yet if to new high, but it seems the aim is double top, and then real profit taking. so, let's see.. good...

aloni-ta

Following the previous post, the break up has started. Long target - at least to the 3000 mark

aloni-ta Updated 

So, Rut closed a nice cup, and might enter a consolidation period to form the handle. anyhow, with the handle or not, its approaching strong resistance around 2450. a break will be a nice move up with a possible target of around 3200 (which is 30% up). Has anyone said Donald like the smbs? (:

aloni-ta

So, a small pull back completed after the 6000 mark, but looking in a wider range, we can see the initial target (5750), after breaking the cup and handle, was passed and stretched for quite some time now. We are now in the mid of the thanksgiving rally, which will completed probably at the end of the upcoming. And to be honest, as i read it, and a i already...

aloni-ta

so, nq100 has completed a nice upward trend making new highs and made a small pullback to the .786 just below the previous high. However, the previous high at around 20,900 didn't quite played as support after latest breakup. As i read it, the bulls a bit weakening this time, giving the players conditions (nvidia\ google\ etc) therefore, even if it break the...

aloni-ta

If we'll look on all the previous highs, a breakaway needs to be either something significant or a continues move. therefore, i don't see it popping up today. However, a consolidation for the upcoming days before the elections around current high, seems to me more reasonable. The bulls are ruling, no doubt about it. But still... What do you think?

aloni-ta

well, as noted before, s&P did hit the 5860 mark and retraced for some profits taken. Elections are coming up, possible will be a trigger for new highs, breaking the 5900-6000 marks (at least for the short term). Else - it will be a painful drop. So always be on the guard... long term - time will tell... cheers mates

aloni-ta

new tops, possible retracement..., analysis started two months ago, new tops, at the moment - possible retracement...

aloni-ta

Looking long term, the index now circling around a strong 5y support and resistance level and forming a triangle, tilting to bearish. Given some of the economic sentiment and the negative correlation to spx, a break to the bottom seems reasonable, till at least, the crowed will decide he had enough with technology (which is probably not long due)

aloni-ta

Price didn't break the 5670, held steady and then crash... So,Consolidation for a while?

aloni-ta

as first step, is the price will break the consolidation above 5670, it will probably set its next target 5710

aloni-ta

What do you think about this idea. am i missing something?