Mixed bag

Another up and down week with most indexes ending the week little changed.
Our lunar Green Period is about flat so far, but there is another week to go.
Here is the current chart for the Nasdaq Composite (click for larger image):

Nasdaq

The market briefly tested the support around 2850 and then rallied swiftly.
It should now go on to test the 3000 resistance level again.
A drop below 2840 would be a major sell signal.

Good luck, Danny

By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: