QQQQ - MACD has bearish divergence
Short-term perspectives are negative. Daily technical indicators are overbought. Price (48.77) is near the rising channel resistance line - 48.94.
View ArticleQQQQ may reach the channel resistance level near 49.6
The QQQQ price is near support. If support holds, the QQQQ may reach the channel resistance level near 49.6. Overall risk/reward ratio is still pretty high.
View ArticleQQQQ technical indicators are overbought
Weekly and daily Lane's Stochastic is overbought. Daily W%R is strongly overbought. MACD has bearish divergence. The channel resistance is near 50.6.
View ArticleQQQQ weekly indicator is still strongly overbought
The QQQQ might see a brief rebound or pause, but the technical indicators and the wave structure suggest that the downtrend may continue.
View ArticleThe QQQQ is retesting the rising channel support
The QQQQ weekly technical indicators are overbought. The price is retesting the rising channel support.
View ArticleFor the week Nasdaq Composite dropped 1.97%
For the last several month the Nasdaq Composite index outperformed the Dow Jones and Standard & Poor's 500 Indices.
View ArticleThe QQQQ is forming a new falling channel
The QQQQ weekly rising channel (March 17-June 5) is broken. The new falling channel is forming, and the price is near the channel support.
View ArticleDow Jones is forming a head and shoulders pattern
Dow Jones long-term chart is forming a head and shoulders pattern. The projected price target is near 9000.
View ArticleS&P 500 has formed a Bearish Advance Block pattern
The down trend might not be completed yet, and it may resume soon. On Friday, S&P 500 Index has formed a Bearish Advance Block candlestick pattern.
View ArticleNasdaq is forming a triangle chart pattern
Nasdaq is forming a triangle chart pattern. It usually represents an area of indecision, where the direction of the movement is questioned.
View ArticleDow - head and shoulders pattern
Dow Jones long-term chart has formed a head and shoulders pattern. After retesting the neckline Dow has resumed the long-term downtrend.
View ArticleMajor indices posted the biggest gains since 2002
The Dow Jones, S&P 500 and Nasdaq have posted the biggest gains since October 11, 2002 in two consecutive trading sessions.
View ArticleBear market statistics
Average length of a bear market - 18.5 months (current - 12). Average bear market decline - 36% (current - 28%).
View ArticleBear market technical indicators
According to the technical indicators, the sharp market down wave might be close to completion.
View ArticleMajor indices have formed a triangle chart pattern
All three major indices have formed a triangle pattern. Usually, in a mature trend a it is considered as a reversal pattern.
View ArticleS&P 500 technical indicators have bullish divergence
S&P 500 technical indicators have bullish divergence. It is usually considered as an indicator that bears are losing power.
View ArticleS&P 500 resistance is near 965
S&P 500 resistance is near 965 now and the support is near 738. S&P may turn down to retest the support line once more.
View ArticleS&P 500 is forming a triangle pattern
Since mid October the S&P 500 is forming a horizontal expanding triangle pattern. The support is near 600, and resistance around 959
View ArticleS&P 500 chart wave analysis
S&P 500 chart wave analysis and technical indicators suggest that the downtrend might be close to completion with the target around 650.
View ArticleS&P 500 chart has formed the broadening wedge
S&P 500 chart has formed the broadening descending wedge. The uptrend may pause for a while to reset technical indicators.
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