Trump tweets on the Trade War is driving the stock market correction. Fundamentals and the underinvestment of the market at large remain relatively unchanged. A correction to the 7600s on the index will be a good level to consider getting involved.
07's top had a 24% drop followed by a 19% dead cat bounce before plummeting 50% into recession. It's now 2019 and we just had a 24% drop followed by 19% bounce into resistance. Is this 2019's dead cat bounce before more bearish momentum? For me it's boom or bust at this level! If we break resistance I believe we will continue to new all time highs. If we reject...
While everyone else is breaking out and getting their party on - NASDAQ is still in S/R
Trend - Bull
Friday place NASDAQ in daily consolidation: 8088.9(R) - 7996.9(S)
New renko bullish box painted on the 19-Jun
Price projections on the daily are: 8219.83 and 8325.14
Trend - Bull
Still caught in consolidation between 8135.5(R) - 7292.2(S)
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Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing...
NASDAQ stalled last week, the 8 MA has nearly caught up with prices on the daily charts.
Weekly chart has consolidation between 7292.2(S) - 8135.5(R).
A trigger formed on the baseline and currently reflects enough strength to indicate an attempt to break out to ~8178.5
This isn't a strong trigger - so once the breakout occurs "holding" the position and advancing...
NASDAQ price projection is showing for 8035.5 on the hopes of resolutions to the trade war and FED rate cuts.
If we do go for it. And can't break this barrier (yet again). It is going to hurt going down.
Princess Gwen here. A princess needs to think ahead, and this one is very focused on the US stock market right now.
So, I'm just going to call it. I think markets will be at half of their peak values by the end of March, 2020. After that, who knows? Thus far we have been in lock-step with the major moves that were made in 2007-2008. The timing of market...