Nasdaq Composite 200 Week Average

TVC:IXIC   US Composite Index
The Nasdaq composite index did tag the 200 week average last week. This technical measure has proven itself as a trend filter and decent support throughout the history of the index. The measure was even support for several squeezes in 2008 before the shoe dropped in September of that year. Seasonal tendencies are also positive into mid-July.

-Jamie Saettele

Scandinavian Market's Chief Technical Strategist, SB Trade Desk co-founder, author Sentiment in the Forex Market

Twitter: https://twitter.com/jamiesaettele
Platform: https://scandinavianmarkets.com/
SB Trade Desk: https://sbtradedesk.com

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.