I am wondering if the NASDAQ intentionally waited for 2015 to make an attempt at a monthly close above 4,800? It came close to achieving this at the end of last year but couldn’t quite print a monthly close above this key S/R level. Has the index got this NY resloution in its sights for 2015?
At the end of last year I posted how I was watching for triangle breakouts on both the XJO (S&P ASX 200) and the XAO (All Ordinaries) indices. This article can be found through this link. Price action on both indices is still consolidating within these triangles for the time being but one trading commentator […]
This is an update to an AUD/JPY trade idea post from yesterday. The A/J has made a daily close below the key 96 level but does not look to be holding below this S/R zone for the time being.
The four main US stock indices, S&P500, DJIA, NASDAQ and Russell 2000, have all been in recovery mode since the end of the Global Financial Crisis. All four have held above monthly support trend lines but there are technical indicators suggesting a pull back is in store on all of them. I would greet any […]
The two main Aussie stock market indices look like they could be building up towards a breakout move following a lengthy period of consolidation. Both are now forming up within symmetrical triangle patterns and so traders should be on the lookout for any potential breakout; bullish or bearish. However, if I was to hazard a guess, […]