Posted 02 May 2017 - 11:50 AM
Posted 02 May 2017 - 11:53 AM
another one
Posted 02 May 2017 - 11:54 AM
Current upside target for the NASDAQ Composite, based on the cumulative trend of breadth and volume, is 6375 +/- 25 points.
Fib
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Posted 02 May 2017 - 11:59 AM
Great. 1927, 1929, ah...those were the days...
Wait...those ARE the days!
"The past is never dead. It's not even past." William Faulkner.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Posted 02 May 2017 - 03:55 PM
Posted 02 May 2017 - 06:52 PM
I still have Nasdaq in a position of stock market leadership. However, I got some extreme ratios when comparing the NDX with the SPX or the Dow at the close of Monday. It extended into Tuesday. I think the market takes a breather here with SPX and the Dow being somewhat relatively stronger than the NDX. I think the Fed is going to be hawkish in their statements. This will boost the banks which in turn should be good for the SPX and the Dow.
Things could hit the fan if Le Pen gets elected on Sunday though.