Yet another push higher

Stock markets didn’t look back last week, and some indexes have already recovered their January losses. With a lunar green period set to start this week the rally is likely to carry on into March. Let’s have a look at the Nasdaq chart (click for larger image):

Nasdaq

All my technical indicators bottomed out last week and the Nasdaq has climbed back to new highs for the year already. The Earl is reaching overbought territory, but the Earl2 and MoM indicators suggest that there is more room to rise. Based on the long term trend channel the Nasdaq can climb to approximately 4350 by early March.

Good luck,
Danny

 

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By Dan

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

2 comments

  1. hello dany

    i m a stock & commodity advisor  & trader from india.pls guide how your software may help me in & how much we can rely on it.

    thx

    Sent from Samsung Mobile

    LunaticTrader wrote:

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