Nasdaq Composite Pieces of The Puzzle
Companies / Tech Stocks Jun 10, 2016 - 02:54 PM GMT
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
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