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Sunday, February 6, 2022

$NDX - At 50 Week Moving Average

Notice the Nasdaq closed at it's 50 week moving average last week. Weekly

15 comments:

  1. sc,

    That is a good question?

    we need an answer?

    ReplyDelete
  2. NDX should be on better footing with the loser Facebook having been flushed out.

    ReplyDelete
  3. sc,

    There is a SPX -4100---out there--that will probably get filled with in the next two weeks--we need to flush out first!

    Elliot wave --does not work every time --but it does look creditable here!

    I am hoping that I am wrong!

    ReplyDelete
  4. https://twitter.com/sentimentrader/status/1489966616708321280

    SC - extreme levels of bearishness? One last short squeeze before a bigger crash?

    ReplyDelete
  5. Yes the market likely is rising into March. It's choppy but rising. However, there will be another selloff in March/April.

    ReplyDelete
  6. I have a specific plan. Chart coming...

    ReplyDelete
  7. Canada - OTTAWA - The mayor of Canada's national capital declared a state of emergency in his city on Sunday in the face of ongoing protests that have overwhelmed local resources shortly before police moved to choke the convoy's supply chain.

    ReplyDelete
  8. Covid crisis in Canada is intensifying.

    ReplyDelete
    Replies
    1. How do you mean? From a health perspective or the protests against the mandates?

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    2. The root cause of the protests is the Covid and so the government is under intense pressure to address the Covid in order to tackle the unrest.

      Delete