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Assessments / Blog 2019-03-04 NASDAQ AND DOW – TWO SPECTRUM’S OF THE STOCK MARKET
Our researchers believe the NQ and YM chart illustrates a very different dynamic which is currently at play in the US Stock Markets. The NQ, the Technology heavy NASDAQ futures, appears to have stalled near the 75% Fibonacci price retracement level whereas the YM, the Blue Chip heavy DOW futures, has already rallied past this level and is setting up a “double top” formation near 26268. It is our belief that the US Stock Markets are already nearing an intermediate top rotation price area and that traders need to actively protect their long trades/profits right away. We believe a downside price rotation may take place very quickly over the next 5~10+ days and that the markets may rotate downward by a minimum of 4~6% in what we are calling a “momentum rotation setup”. Click on this link to read more....We showed our volatility VIX setup forming here. |
