In the last 2 weeks, the Nasdaq and the major indices have slowed down in price, some more substantially, some less, but by and large we can see an overall slowdown.
Looking at the graph above, we can see how the price has stopped on the resistance levels traced by horizontal lines in red data from previous highs and, the bullish channel on which it is moving, it can be seen that the price had outperformed going out towards the 'high. It is now re-entering the channel and appears to be targeting ema100/ema200.
Conditions are still Bullish at the moment.
-The LuBot indicator indicates the positive trend with the last Long signal and the positive TrendCloud, on the other hand a bearish structure SBS signal has appeared for the short term.
-The moving averages are in a bullish configuration.
-The Predictum indicates Bullish continuation.
-LuTrender is positive
Graphically, we have seen that the market is in a momentary downward phase, a simple retracement is assumed which could bring prices to the 14400 area or, in the worst case, 13800.
If it gets to 13800 we will start monitoring more carefully in case it breaks out and starts a bearish trend. But right now we still have all the credentials for a Long continuation.
👍 What do you think? If you also agree with my view leave a like or write a comment to have your say 😁
💖 Remember to follow me so you don't miss my future analyses.
📊 Get access 🔑 for free to all my indicators for a week, write me to find out how to get free access for life 💥
TAGS:
SP500
,
US30
,
NI225
,
US100
,
ITA40
,
GER40
,
FRA40
Looking at the graph above, we can see how the price has stopped on the resistance levels traced by horizontal lines in red data from previous highs and, the bullish channel on which it is moving, it can be seen that the price had outperformed going out towards the 'high. It is now re-entering the channel and appears to be targeting ema100/ema200.
Conditions are still Bullish at the moment.
-The LuBot indicator indicates the positive trend with the last Long signal and the positive TrendCloud, on the other hand a bearish structure SBS signal has appeared for the short term.
-The moving averages are in a bullish configuration.
-The Predictum indicates Bullish continuation.
-LuTrender is positive
Graphically, we have seen that the market is in a momentary downward phase, a simple retracement is assumed which could bring prices to the 14400 area or, in the worst case, 13800.
If it gets to 13800 we will start monitoring more carefully in case it breaks out and starts a bearish trend. But right now we still have all the credentials for a Long continuation.
👍 What do you think? If you also agree with my view leave a like or write a comment to have your say 😁
💖 Remember to follow me so you don't miss my future analyses.
📊 Get access 🔑 for free to all my indicators for a week, write me to find out how to get free access for life 💥
TAGS:
SP500
,
US30
,
NI225
,
US100
,
ITA40
,
GER40
,
FRA40
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