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Nasdaq Composite Pieces of The Puzzle

Companies / Tech Stocks Jun 10, 2016 - 02:54 PM GMT

By: Joseph_VanDerveer

Companies

Below is a weekly chart of the Nasdaq or Comp accompanied by 5 pieces of the market puzzle.

Williams %R oscillator is suggesting overbought conditions.
Moving average crossover indicating momentum is slowing.


10/15/14 Cycle Low to 6/14/16 Cycle High? Possible 20 Month Low to High.
3 Tests of the resistance trendline shown on chart, maybe triple top?
Open weekly window represented by the light blue box. Will it be filled?

Joseph VanDerveer is the Chief Technical Analyst with  8 years experience in the trenches trading the markets  with a brand new website and service at  www.doubleplayoptions.com

© 2016 Copyright  Joseph VanDerveer - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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