Markets – Macro – Technicals

NDX

This page tracks NDX (Nasdaq 100) over time and different time frames. Updates, including different time frames and additional technical subsets will be notified via Twitter and Facebook.

For access to other charts please visit Charts. For latest public market views please visit Market Analysis.

For access to the detailed analysis of The Daily Brief and Kiss Trades please check with Services.
___________________________________________________________________
All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. For further details please refer to the disclaimer.


July 19, 2017

Last week $NDX has jumped above the 50MA via gap up courtesy Janet Yellen and hasn’t looked back since. The Nasdaq already printed new highs yesterday albeit on negative advance/decliners. Any new highs would come on a negative RSI divergence amidst a positive divergence in its underlying volatility index.

Our view: Bulls are playing with Fire.

For further charts please click the image below:

July 11, 2017

“You got to know when to hold’em, know when to fold’em, know when to walk away, know when to run” Kenny Rogers used to sing in The Gambler.

The oversold readings outlined on July 7 were good signal for sellers to pack their bags and for buyers to step in, the fact the $NDX didn’t print new lows on a new $SPX low were a further signal that the selling may be done for now.

Indeed we have now seen a bounce back toward the 50MA which now serves as resistance. Above there would be an open gap. Filling this gap would still constitute a lower high, hence buyers are under pressure to move above recent highs or risk a larger top being formed. Renewed selling breaking May & July lows opens a visit to gap fill and the .382 fib.

For this chart’s history/previous versions please follow: Previous

Advertisements
The material on this website is provided for informational purposes only, as of the date hereof, and is subject to change without notice and does not constitute investment advice.
Home | About | Disclaimer | Contact
Copyright © 2013-2017 NorthmanTrader
The materials on this website may not be suitable for all investors and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.