pantheo

UPD: $NASDAQ Volatility release, at SD3 bottom now $NDX

TVC:IXIC   NASDAQ Composite Index
Needs a weekly close <6800 to signal further down $ND_F, $IXIC
Interesting analysis. Can you explain what the various boxes and notes are?

Encouraged that IXIC closed above 6900, even with the latest trade rhetoric out of Trump (which in the long run I believe will not develop into a trade war — it’s all posturing), the lower-than-expected March non-farm payroll (which to me is just Feb-Mar timing...if you average Feb and Mar non-farm payroll, the two-month average value of 214K is higher than the expectations for either Feb or March , and higher than the trailing 6-month average ), and comments from Powell on interest rates (we have all know this — we can’t run at zero forever!).

Once we get some of this economic saber-rattling out of the way and deeper into earnings-reporting season, I think we will see a very nice bullish move.
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pantheo satertrading
@satertrading, Blue box is demand area, red one is supply.WR is weekly resistance, WS is support and MS is obviously the monthly one. MC is the point for the closing of the month, above bullish, below bearish/consolidation. Long term the chart is bullish, the question is how low low it can go so we can get a good entry point. Next quarter looks like consolidation too. Here is the updated version. Rates will go up for sure onward, the question again is how fast/slow. Libor says fast, if take out 2.50-2.80 which is the last resistance before 4.5%.

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