Nasdaq (NDX)has is following exactly last week’s suggested trading plan so far, as it pulled-back from the 1D MA200 (orange trend-line) and today reached the 1D MA50 (blue trend-line): This pull-back took place primarily because the index failed to break above the Lower Highs trend-line of the December 28 High and got rejected two

  S&P500 print a Head & Shoulders pattern last week and naturally dropped below the 4H MA50 (blue trend-line) for the first time in two weeks (since March 15). The pull-back is now neutralized and we see today a bullish reaction. This rise can be temporary and even though a test of the recent High

  Nasdaq has suffered the most during January’s correction. The Lower Lows created a new Channel Down which we have to consider, despite having the 1D RSI make a rebound from oversold levels and a bottom formation similar to early October, mid-May and early March 2021. The 1D MA200 (orange trend-line) is the first natural

This is the S&P500 index on the 1W time-frame (on the log scale). The recent sell-off (-12% so far) is leaving many wondering what is happening and rightly so as it broke below the very strong bullish pattern (Higher Highs/ Higher Lows) since the November 2020 U.S. elections. As I looked more closely into it

  This is the S&P500 index on the 1W time-frame (on the log scale). The recent sell-off (-12% so far) is leaving many wondering what is happening and rightly so as it broke below the very strong bullish pattern (Higher Highs/ Higher Lows) since the November 2020 U.S. elections. As I looked more closely into

  I’ve been bullish on DAX for a very long time as the Rising Wedge and Channel Up patterns prompted to Higher Highs ever since April 2021: However, the German index seems to be forming a pattern that based also on the 1D CCI, was previously seen just before market tops (i.e. Higher Highs on

  Dow Jones has had a very sharp two-day pull-back, which hit today the 1D MA200 (orange-trend-line). That came off an Inverse Head and Shoulders pattern (IH&S) that continues to resemble that of June – July. With the 1D RSI hitting the Symmetrical Support level of the July 19 low which initiated the strong rebound

Dow Jones has been trading inside a Channel Up since the Q2 of 2021 a time during which I have been bullish buying every Higher Low within the pattern. This hasn’t changed, especially after it recently made a strong rebound exactly on the 1W MA50 (blue trend-line), which during long-term uptrends is typically the major

  Pattern: Channel Up on 1D. Signal: Buy as the price reached both the 0.618 Fibonacci retracement level as well as the 1D MA200 (orange trend-line). The last parameter to fulfil is the RSI Support, so allow margin for one last low at the bottom of the Channel Up. Target: 36500 (Resistance and All Time