csutanto172776

csutanto172776

The market has tried to rally but has been very limited, keeps getting pulled back into the pendant area. However, the 1day chart has broken the moving resistance, but again it also is being pulled back under, after today the picture will become clearer. At the moment this stand off between bull and bear can go either way. Just my opinion, not a financial advice.

csutanto172776

There is a discrepancy between the Oanda and Pepperstone, if you look at the supertrend line (the black line), onda shows very strong support. However, pepperstone shows it has been broken, therefore the next time it can go through it without resistriction. As many of you wish or hoping that the market will fall after Mr. trump proposals.. please bear in mind...

csutanto172776

Just my opinion, nasdaq is at the moving resistance point, if it closes above this level today then ATH is for grabs, but it would take some beating to break and close the day at this level. This is only my opinion and not a financial advice.

csutanto172776

Weekly view and overall picture of the market currently on the nasdaq Sometimes stepping back you get a much clearer view of the market. To clear things up for those expecting ATH - the blue trend needs to be broken first, but you can clearly see lower highs, and lower lows for the weekly candle as represented by the Red background colour bar.

csutanto172776

This is the current position on the nasdaq.. Again just my idea..

csutanto172776

This idea is part of the main analysis which represents the nasdaq in the coming weeks.. Just my idea so dont take it as a financial advice. Other than my FVP which is a different topic.. I will zoom in to add further details where we stand at the moment.