World by humble servant. The trend is your FRIEND.Summary Nasdaq Composite

As of now the market remains unchanged within support still above indicators while the long-term Trend in cyclical strengths are bullish. Meanwhile technical resistance stands at 85723 which we have succeeded exceeded and are currently trading Above  This level now offers technical support during any attempt to fall back in this market nevertheless are technical support lies at 56560 to which is holding at this time. A possible change in near-term trend is likely as we approach February 20/20 in the NASDAQ composite index consequently be on guard with this target the last cyclical event was a high establish back during November normally this implies that the next turning point should be a low however to date this Market has already exceeded the previous High established at 870591. It strongly implies we are in a cycle inversion process which tends to be rather bullish overall. Last month produced a high at 87059 close on the positive side and so far we have exceeded last month we now need to close above 87059 on a monthly basis to imply further advances to the upside immediately for the projected resistance for this week stands at 91023 for the NASDAQ composite index we need to close Above This level on the weekly on a weekly basis to maintain any upward momentum. Critical support underlies this Market at 766280 an a break of this s level on a monthly closing basis would warned that a sustainable declined  becomes possible never less the market is trading above last month showing some strength on a broader perspective this Market remains in an uptrend positive on all indicators looking at the monthly level we see here the trend has been moving up for the past 11 months the previous low of 619017 made during December 2018 on the monthly level has held and only a break of the 770000 on a closing basis would warn of a technical near turn turn in change in Trend the previous High made during November on the monthly level at 87059 one has now been exceeded in the recent rally we have generated a buy so caution is required for those who live Dangerously.

Comments

Popular posts from this blog

World Blog by humble servant. Abortion is murder. Who is more Evil than one who has receive the commandments and choose to disregard it. You will surely have to Pay in increase retribution now!!! To remind you in hopes in hopes of reverence as a reminder for you of the promise eternal retribution and increase retribution for evil you have brought upon the people in such a total contradiction of the word death in murder. PROMISE trash! And you wonder way people can just shoot another human being creature .OVER NOTHING! It's your fault !!!

World Blog by humble servant.I'm just simply saying that I, as a Democrat ,I feel that the two can co-exist. I know this because they always have. Socialism and capitalism have always co-existed in America. I also believe in freedom. I believe options are a form of freedom.