NASDAQ has finally started giving confirmation of down-move with weekly negative close and a strong bearish engulfing. We might see a pullback in wave 2/B early next week after which down-move should continue. Watch the video for levels and more details.
NASDAQ 100 has completed X wave and should now head down towards 17000 in weeks to come.
This is the daily chart of Apple and market is about to open in few minutes. Stock seem to be forming bullish wedge and there have been three touchpoints at both top and bottom trendlines of the wedge. It would be interesting to see if the stock still remains in the range and reverses after…
Nasdaq is looking extreme bearish as per the weekly chart shown here. We can see a long term H&S formation since last 2 years and now Nasdaq seem to be on verge of breaking down from there. We don’t have a close below neckline yet but we can see that the right shoulder has fallen…