The tech-heavy Nasdaq 100 (NDX) is forming a very bullish two year inverse head and shoulders bottoming pattern. The accompanying annotated graph illustrates all the important events since the financial crisis began in 2007. It is very healthy to see that this index has nearly repaired all the damage of...
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Category Archives: Technical Signals
Nasdaq 100 Is Forming A Very Bullish Pattern
The tech-heavy Nasdaq 100 (NDX) is forming a very bullish two year inverse head and shoulders bottoming pattern. The accompanying annotated graph illustrates all the important events since the financial crisis began in 2007. It is very healthy to see that this index has nearly repaired all the damage of...
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Stock Market Resistance & Negative (Outside) Reversal Day From Prior Chart Highs
The major averages are tracing out an ominous technical pattern known as a "negative (outside) reversal day" after encountering resistance near their prior chart highs....
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Market Is Strong! Status Changed: Market In Confirmed Rally
Make no mistake about it- this market is strong! Every pullback since the March lows has not exceeded -8% and the bulls have promptly showed up to quell the bearish pressure. The latest correction began on October 28, 2009 and ended today on November 9, 2009 when this rally-attempt was...
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Market Tracing Out A Bearish Head & Shoulders Pattern
It is also important to note that several of the popular averages encountered resistance near their respective 50 DMA lines before turning lower today (SP500, NYSE, RUT, Nasdaq 100, Nasdaq Comp, & the mid cap S&P 400)....
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