NAS100 - Trees shouldn't grow to the sky

FX:NAS100   NASDAQ 100 Index
42 1 1
Well equities are not trees, so they might go up even to the stars, but surely not without a pause.
Get ready, we may have an interim top soon!

Daily: Slow Stoch has been overbough, slightly pointing down now. MACD is just about to give a sell signal too. When these two traditional indicators give a signal together, that is normally a strong indication.
Ichimoku is still bullish , so in case of a profit taking wave what we can initially expect is a retest to somewhere between 3960-3980.

4 Hrs: DMI-ADX momentum lost, Slow Stoch turning down. Not much power left at this high for Bulls. 100 WMA caought up to Price and is very close now to be attacked soon. Future kumo is getting tighter and flat.

Maybe it is still too early to go all short, but keeping longs for bulls is getting dangerous too.
Key level to watch is 4055-4060. Below that we can expect profit taking to accelerate.

p.s.: In general I think equity mkts expect too much from the ECB. I really doubt ECB would do a FED type of QE ... at least not now. We'll see how mkts react on the statement later this week.
Yeah, first one bothers me...even more with MACD and other indicators.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out