Nasdaq 100: a new trend is emerging

Long term: bullish?

On a yearly basis, our stochastic and MACD are oversold. Our 7 / 23 years moving averages are up with a PEI. UY is our first resistance.

On a quarterly basis, Bollinger bands spread is increasing. A bullish no-crossover is the status for our MACD.

On a monthly basis, a bearish divergence is the status for our stochastic. Next month, the same pattern is expected for our MACD.

Idea: LM could be a target

Bet: towards LM if MM fails as a support.

R= UM (2693);     S= MM (2350), LM (2006).

Medium term: bullish parallel pattern is over

On a weekly basis, a bearish no-crossover is the status for our stochastic.

Idea: LW is our main target.

Bet: afterwards, a bearish pre-parallel is not ruled out.

R = MW (2597);     S = LW (2348).

Short term: lower

On a daily basis, Bollinger bands spread is increasing. No PEI could develop with TAM tools.

Idea: decline as long as our MACD is not oversold.

Bet: nothing to do.

R = MD (2654);     S = LW (2348)

Conclusion: next month, a medium term bear term could develop.

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