Nasdaq 100: higher for some months

Catégorie [ Nasdaq 100 ]

Long term: bullish

On a yearly basis, our stochastic and MACD are oversold. Our 7 / 23 years moving averages are up with a PEI. As long as MY proves to be a support, UY could be a target.

On a quarterly basis, Bollinger Bands spread could be a reference one. For our 7 / 23 quarters moving averages, the trend is up. A PEI is the status for our stochastic. Our MACD is oversold.

On a monthly basis, UM / LM spread is not a reference one. For our 7 / 23 months moving averages an A type bullish crossover is in progress.

Idea: higher for some periods (monthly basis)

Bet: bullish T1 for our quarterly basis.

R = UY (3050);     S = MQ (1775)


Medium term: bullish parallel

On a weekly basis, a bullish parallel pattern is in progress.

Idea: use bullish parallel pattern rules.

Bet: bullish for some periods

R = UW (2412);    S = MW (2236).


 Short term: without trend

On a daily basis; UD / LD spread is flat. With the weekly trend, no bearish pattern could develop.

Idea: LD and UD are our targets

Bet: towards UD.

R = UD (2407);    S = LD (2296).

Conclusion: close long position below MW (2236)