Nasdaq

The Nasdaq is a tech weighted index.

Here are the charts ordered by dates for the Nasdaq:

NDX - Nasdaq 100 Daily Chart
, ,

NDX - Nasdaq 100 - trading below its 50 day moving average and rising trendline.

Nasdaq 100 Daily Chart basing between the 21-day and 50-day moving averages after the sell off last week...
NASDAQ 100 Daily Chart
, ,

Nasdaq 100 closing below rising trendline. Small caps holding up.

The Nasdaq 100 is closing below both its 50 day moving average and rising trendline, as are many large cap tech stocks. Small caps are holding up, however...
Nasdaq 100 Daily Chart
, ,

Nasdaq 100 basing between the 21-day and 50-day moving averages

Nasdaq 100 Daily Chart basing between the 21-day and 50-day moving averages after the sell off last week...
Nasdaq COMPQ Daily Chart
, ,

Nasdaq COMPQ Daily Chart - Record Highs

New highs after last week's shakeout for the tech weighted index...
NASDAQ Daily Chart
,

NASDAQ - Bearish Pattern Negated

The potential bearish pattern has been negated and it's off to new all time highs for the tech weighted index.
It would be nice to see USD/JPY pullback to its 50 week moving average for an entry point. 126 represents long term resistance.
,

NASDAQ - Holding Higher Prices

/
Higher prices are holding out at the moment for the NASDAQ. This is great for the current bull market. Now is the time that I am buying and HOLDING. That's where the money is made...

Follow TradingRoom on Instagram @Chartpatterns