....spx closer to its ATH and nasdaq a lot below its one ATH.....what does it mean when the nasdaq is so behind ? To me it means clouds at the horizon and LT turning point close. The nasdaq has a weekly gap to close at 5000 and a daily one at 5065......not much higher than now. I think we are close to see the fireworks start on the bearish side. Just a couple of gaps closed before..........
spx stronger and nasdaq weaker in comparison...
Started by
andr99
, May 25 2016 02:30 PM
2 replies to this topic
#1
andr99
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Posted 25 May 2016 - 02:30 PM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
andr99
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Posted 25 May 2016 - 02:36 PM
also the nasdaq price action which started four trading days ago, reminds its july 2015 price action. That price action marked its ATH
BTW......when they push upwards so hard, it can be due to two different reasons : they're starting a new bullish run (call it wave 5 up or what you like) OR....they want to clear all the short positions and be sure that everyone is fearfull to enter short......but there will always be someone who doesn' t fear these bandits
Edited by andr99, 25 May 2016 - 02:41 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
#3
andr99
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Posted 25 May 2016 - 04:10 PM
I would like to add that the nasdaq 2015 price action if replicated here would bring the top in 4-5 bars then an initial drop half recovered by the 23rd of June when the English vote their brexit......after that the start of the real drop
forever and only a V-E-N-E-T-K-E-N - langbard
