Remember the “green shoots” that government officials like to talk about whenever the economy is weak and elections are near? They never talk about “brown leaves”. But markets are more honest, they show us brown leaves as well as green shoots in a candlestick chart. This week we have what I call a “brown leaves”… Continue reading Brown leaves in the Nasdaq
Tag: Technical analysis
D Time
Markets recovered surprisingly well last week, but despite this recovery the lunar red period ended with a slight loss on the Nasdaq. We now enter a new green period, what’s in store? Here is the Nasdaq chart (click for larger image): This looks like a potential double top. We cannot rule out a further rise… Continue reading D Time
Long term Nasdaq chart
This is an update to the long term outlook we presented in February. We pointed out that the 3200-3300 level on the Nasdaq was going to be a tough resistance zone. And indeed, the market has now spent several months trying to overcome that level, and failing so far, with the Nasdaq currently sitting at… Continue reading Long term Nasdaq chart
LunaticTrader 