Wednesday, February 1, 2023
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Contact Us
Ownnfthere
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Ownnfthere
No Result
View All Result
Home Stock Market

A Overview of Some Nasdaq Charts | Do not Ignore This Chart!

July 13, 2022
in Stock Market
Reading Time: 5 mins read
A A
0
A Overview of Some Nasdaq Charts | Do not Ignore This Chart!
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


The Nasdaq charts have some very nice technical patterns for evaluation.

As we speak, I’m working by means of numerous seems for the Nasdaq in both the QQQ or $NDX. The explanation to make use of QQQ is that it’s an ETF that may be traded and has different items of data just like the SCTR, which is simply obtainable on tradeable ticker symbols. These charts are displaying numerous views, and I will bounce between the totally different timelines and shows.

To begin with, the quarterly chart is an enormous long-term view of the Nasdaq 100. That is the bottom RSI since 2012. It would not look very lengthy on the chart, however 10 years is a very long time.

One factor to observe on this chart is that the purple RSI uptrend would not break. I do assume that the dimensions of the transfer down for the primary two quarters are suggesting that, this time, it is totally different. The opposite factor to note is the massive rollover on the PPO momentum indicator.

Transferring to the month-to-month chart, we’re testing the 40-month transferring common. This has been a superb long-term pattern indicator. I do assume that, if we break far more, the issue would be the confluence of occasions that occurs. Firms have a sure inventory value as a part of their debt and, when costs fall beneath that, they begin to impair firms’ capability to carry debt.

One wonderful factor to note is how the amount modified after COVID. 2022 has seen much more quantity.

Transferring to weekly, the knowledge will get extra illustrative. We now have been caught underneath the 10-week transferring common, however we’re testing it this week. On the amount chart, we are able to see much more quantity this 12 months. It additionally reveals what number of constructive weeks we have had in 2022. 🥴

The black line is on the 2020 pre-COVID excessive. For Could and June, the Nasdaq is performing consistent with the $SPX. That may be seen on the purple relative power space chart. The PPO wanting prefer it needs to show up provides us a bit confidence. Nevertheless, when you’ve got been placing trades on right here, it has been terribly uneven.

Going to the every day, I’ve bought a few totally different views. The primary is a view again to the tip of 2020. We’re presently 7.5% beneath the closing value of 2020. The topping construction of November / December 2021 actually broke down rapidly to begin 2022. January to March was extraordinarily uneven, and that last March excessive was vital. I’ll say that the rally off the June lows has not been very easy, so it nonetheless seems to be a bear flag.

The primary goal of Fibonacci could be meaningfully larger, however that appears out of attain proper now.

Once I transfer over to QQQ, I’ve another charts. I will use the SCTR indicator, which compares the power of this ETF to different ETF’s. Sometimes, this lives within the high 50% of the ETF universe, however it’s nonetheless weak. I’ve drawn a wider head/shoulders high, nevertheless it could possibly be drawn with the left facet at Sept/ October 2021 as nicely. Both approach, it’s a topping formation. For those who use the 320 stage because the neckline, then the H/S goal is 220, the place the black line is.

Final week I discussed the QQQ:IWN ratio as a great indicator of when development names ought to begin to speed up. Thus far, the chart (center panel) stalled at this vital junction.

Lastly, let me wrap it up with a PNF chart of the QQQ. The bearish value goal on the QQQ is 229, which is near the H/S goal.

It is a very weak market! We now have much more data obtainable at OspreyStrategic.org for these of you who’re all for weekly market updates. This isn’t to overwhelm you, however to maintain you in tune with what’s going on. It’s lower than $17/week, and we even have a trial program.

Keep tuned; it needs to be a unstable third quarter!

Greg Schnell

Concerning the writer:
Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities evaluation. He’s additionally the co-author of Inventory Charts For Dummies (Wiley, 2018). Primarily based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He’s an lively member of each the CMT Affiliation and the Worldwide Federation of Technical Analysts (IFTA).

Be taught Extra

Related articles

I think my stepmom eliminated me as beneficiary from my late father’s life-insurance coverage. What can I do?

I think my stepmom eliminated me as beneficiary from my late father’s life-insurance coverage. What can I do?

February 1, 2023
What are the Fairness Market’s Warning Indicators? | Mish’s Market Minute

What are the Fairness Market’s Warning Indicators? | Mish’s Market Minute

January 31, 2023

Subscribe to Do not Ignore This Chart! to be notified at any time when a brand new publish is added to this weblog!



Supply hyperlink

Share76Tweet47

Related Posts

I think my stepmom eliminated me as beneficiary from my late father’s life-insurance coverage. What can I do?

I think my stepmom eliminated me as beneficiary from my late father’s life-insurance coverage. What can I do?

by Ownnfthere
February 1, 2023
0

My dad handed away in March 2019. My stepmom instructed me I had an inheritance from my dad.  She ceased...

What are the Fairness Market’s Warning Indicators? | Mish’s Market Minute

What are the Fairness Market’s Warning Indicators? | Mish’s Market Minute

by Ownnfthere
January 31, 2023
0

Almost each member of Mish's Trendy Household improved final week, with the Russell 2000 (IWM), Transportation (IYT), Semiconductors (SMH), and Retail (XRT)...

Whirlpool, NXP Semiconductors, UnitedHealth and extra

Whirlpool, NXP Semiconductors, UnitedHealth and extra

by Ownnfthere
January 31, 2023
0

An worker stands subsequent to a Whirlpool washer inside a house home equipment showroom in New Delhi.Anindito Mukherjee | ReutersTake...

Three low cost shares I’d purchase in February

Three low cost shares I’d purchase in February

by Ownnfthere
January 31, 2023
0

Picture supply: Getty Pictures The FTSE 100 nonetheless has loads of low cost shares to tempt traders regardless of the...

Amgen lays off 300 staff, totally on business crew – Endpoints Information

Amgen lays off 300 staff, totally on business crew – Endpoints Information

by Ownnfthere
January 30, 2023
0

Amgen lays off 300 staff, totally on business crew - Endpoints Information Supply hyperlink

Load More
  • Trending
  • Comments
  • Latest
How seemingly will Ethereum rebound on the 00 – 00 degree?

How seemingly will Ethereum rebound on the $1000 – $1100 degree?

July 13, 2022
Skyweaver Launch Their First Ever Growth NFT Playing cards

Skyweaver Launch Their First Ever Growth NFT Playing cards

July 12, 2022
Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

July 12, 2022
Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

July 12, 2022
Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

September 29, 2022
The Sandbox to deliver Playboy to the Metaverse

The Sandbox to deliver Playboy to the Metaverse

0
Social Media Platforms are Leaping into Web3

Social Media Platforms are Leaping into Web3

0
Roo Troop NFT Ended Their Partnership With Llamaverse: Here is why

Roo Troop NFT Ended Their Partnership With Llamaverse: Here is why

0
The Way forward for The Metaverse, Web3, NFTs, and Digital Land | by Shihtzu.alternate | Jul, 2022

The Way forward for The Metaverse, Web3, NFTs, and Digital Land | by Shihtzu.alternate | Jul, 2022

0
🤑 Hottest NFT dealer has remodeled M

🤑 Hottest NFT dealer has remodeled $30M

0
May Yuga Labs’ Dookey Sprint Revive The GameFi Hype?

May Yuga Labs’ Dookey Sprint Revive The GameFi Hype?

February 1, 2023
I think my stepmom eliminated me as beneficiary from my late father’s life-insurance coverage. What can I do?

I think my stepmom eliminated me as beneficiary from my late father’s life-insurance coverage. What can I do?

February 1, 2023
Geely’s Lotus Going Public through SPAC at .four Billion Valuation

Geely’s Lotus Going Public through SPAC at $5.four Billion Valuation

February 1, 2023
Elon Musk MBTI Character Sort: Why He Does What He Does

Elon Musk MBTI Character Sort: Why He Does What He Does

January 31, 2023
Earn Whereas You Practice With This Thrilling New Crypto – Right here’s The way it Works

Earn Whereas You Practice With This Thrilling New Crypto – Right here’s The way it Works

January 31, 2023

Popular News

  • How seemingly will Ethereum rebound on the 00 – 00 degree?

    How seemingly will Ethereum rebound on the $1000 – $1100 degree?

    191 shares
    Share 76 Tweet 48
  • Skyweaver Launch Their First Ever Growth NFT Playing cards

    190 shares
    Share 76 Tweet 48
  • Dialogue Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Customers

    190 shares
    Share 76 Tweet 48
  • Buying and selling Bitcoin vs. Nano Bitcoin Futures: Know the Vital Variations

    190 shares
    Share 76 Tweet 48
  • Mumbai-Ahmedabad Shatabdi Specific New schedule, route | Practice quantity 12009, 12010 schedule – Indian Railways

    189 shares
    Share 76 Tweet 47
Ownnfthere

Don't Miss Out! Get the Latest Cryptocurrency and NFT Information Here

Categories

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • NFT News
  • Stock Market

Tags

Artwork Cryptocurrency Digital Art ETH Finance Investment Metaverse Network Partnership Polygon Sandbox

Newsletter

  • About Us
  • All Posts
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Contact Us

© 2022 Ownnfthere

No Result
View All Result
  • Home
  • NFT News
  • Bitcoin
  • Ethereum
  • Stock Market
  • Blockchain
  • Business
  • Guide
  • Contact Us

© 2022 Ownnfthere