haj600
عضو نشط
- التسجيل
- 17 نوفمبر 2002
- المشاركات
- 212
موشر النازدك ليوم الثلاثاء فوق 1430 ولمزيد من معلومات السوق لكم هذا التقرير From Yesterday's commentary, "...The NASDAQ was able to hold on to yesterday's gains, forming a triangle consolidation in the process, as seen in the 15 Minute Chart. This consolidation is very well-formed and implies an upside break for Monday's market... "
And so it goes. The NASDAQ shot upward out of the top of the triangle consolidation today and rallied sharply with the rest of the market. The index ended the day right at a clear resistance level and may be over-extended in the short term. Moreover, the index reached its consolidation target today, which further implies a likely pull-back for tomorrow's market.
On the other hand, even if the NASDAQ does retrace tomorrow, we will want to see if it can form yet another continuation pattern, which would in turn imply a further upside move. That is, if the index can form a higher low or a consoildation at the high, more upside may be in store, especially if the index can rise above resistance at 1,420 (1,070).
Because of the moves we have seen the last three sessions, we are going to tighten stops more than we normally would, to 1,418 (1,058).
Short Term NASDAQ
Short term, the NASDAQ has formed a tight consolidation at the lows from 1,420 to 1,422 (1,061 to 1,062.2) in the 1 Minute Charts. Consolidations at the lows typically imply a downside break, but watch both boundaries closely, as a break from either should spark a move in the break direction in the short term.
Medium Term NASDAQ
In the medium term, we entered the market Long this morning at 1,402 (1,046) and are still in the position. We have a current profit of 19 (16) points in the trade, but will lock in 16 (12) points by moving our stops up to 1,418 (1,058). We will add to Longs above 1,430 (1,070), and look to Short below 1,418 (1,058), with 5 (5) point stops.
Summary
The NASDAQ continued sharply higher today after getting the upside break from the triangle consolidation. The index has now hit the consolidation target and is holding at resistance, which may lead to a pull-back in tomorrow's market. Watch for a higher low or consolidation to form to indicate further strength. We are Long from 1,402 (1,046), with tight stops at 1,418 (1,058). Watch 1,418 (1,058) down, and 1,430 (1,070) up tomorrow.
From Yesterday's commentary, "...The NASDAQ was able to hold on to yesterday's gains, forming a triangle consolidation in the process, as seen in the 15 Minute Chart. This consolidation is very well-formed and implies an upside break for Monday's market... "
And so it goes. The NASDAQ shot upward out of the top of the triangle consolidation today and rallied sharply with the rest of the market. The index ended the day right at a clear resistance level and may be over-extended in the short term. Moreover, the index reached its consolidation target today, which further implies a likely pull-back for tomorrow's market.
On the other hand, even if the NASDAQ does retrace tomorrow, we will want to see if it can form yet another continuation pattern, which would in turn imply a further upside move. That is, if the index can form a higher low or a consoildation at the high, more upside may be in store, especially if the index can rise above resistance at 1,420 (1,070).
Because of the moves we have seen the last three sessions, we are going to tighten stops more than we normally would, to 1,418 (1,058).
Short Term NASDAQ
Short term, the NASDAQ has formed a tight consolidation at the lows from 1,420 to 1,422 (1,061 to 1,062.2) in the 1 Minute Charts. Consolidations at the lows typically imply a downside break, but watch both boundaries closely, as a break from either should spark a move in the break direction in the short term.
Medium Term NASDAQ
In the medium term, we entered the market Long this morning at 1,402 (1,046) and are still in the position. We have a current profit of 19 (16) points in the trade, but will lock in 16 (12) points by moving our stops up to 1,418 (1,058). We will add to Longs above 1,430 (1,070), and look to Short below 1,418 (1,058), with 5 (5) point stops.
Summary
The NASDAQ continued sharply higher today after getting the upside break from the triangle consolidation. The index has now hit the consolidation target and is holding at resistance, which may lead to a pull-back in tomorrow's market. Watch for a higher low or consolidation to form to indicate further strength. We are Long from 1,402 (1,046), with tight stops at 1,418 (1,058). Watch 1,418 (1,058) down, and 1,430 (1,070) up tomorrow.
From Yesterday's commentary, "...The NASDAQ was able to hold on to yesterday's gains, forming a triangle consolidation in the process, as seen in the 15 Minute Chart. This consolidation is very well-formed and implies an upside break for Monday's market... "