- Forest from the trees [Swing trading focus on NASDAQ Composite Indicators]

Samuel Jones Rank: 72 Followers: 4 Votes: 0 Years Member: 14 Last Update: 18 August 2017, 13:23 Categories: Chart Patterns
Trend Analysis
Swing Trading

(Aug 15) Last week in July was the near term top.
(July 15) Approaching top. Check out chart #6 for directional clues.
(June 29) After 6,120 then short term supports are 6,075 and 6,000.
(June 27) The trend up may be broken short term. 6,120 is the next probable support area.
(May 10) While the NASDAQ is still trending up there are signs of weakening. (Charts 4,5, & 6)
(Apr 20) Back at the beginning of the upper resistance range with successively higher highs. Another 30-40 points minimum to go.

Forest: Charts 1-10; NASDAQ indicators and related ETF's with the intent to identify intermediate term general market direction.
Trees: Charts 11-20 other indexes and a few high beta tech equities positioned to make dramatic positive returns on upswings.
Charts 21 and up .... Looking for the bottom, where price is influenced by the cost of some commodities and the dollar.


01. Nasdaq Composite: Short-term Hourly Chart

02. NASDAQ Daily

03. NASDAQ Long Term - Huge resistance at Y2K top.

04. Nasdaq 100 Stocks Above 50 Day Moving Average

05. Nasdaq 100 Bullish Percent Index

06. Nasdaq Summation Index (Ratio Adjusted)

07. PowerShares QQQ Trust (QQQ)

08. PowerShares QQQ Trust (QQQ) 12 year - long term perspective.

09. ProShares UltraPro QQQ (TQQQ)

10. ProShares UltraPro Short QQQ (SQQQ)

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