The S&P 500 index broke medium-term support at 1200 and is headed for a test of the primary level at 1100. Failure would offer a target of 900*. The 63-day Twiggs Momentum peak below zero warns of a primary down-trend.
* Target calculation: 1100 – ( 1300 – 1100 ) = 900
NASDAQ 100 index is similarly headed for the band of primary support between 2000 and 2050. Bearish divergence on 13-week Twiggs Money Flow warns of strong selling pressure. failure of support would signal a primary decline to 1600*.
* Target calculation: 2000 – ( 2400 – 2000 ) = 1600
Dow Jones Industrial Average monthly chart shows the index testing medium-term support at 11000. The 63-day Twiggs Momentum peak below zero again warns of a primary down-trend. Breach of support would test the primary level at 10400; and failure of that level would remove any doubt regarding a bear market.
* Target calculation: 10400 – ( 12300 – 10400 ) = 8500
The NASDAQ is near to move in 1950 @ 1800 what is the point ..
I have stocks in NASDAQ
kind regards
Revised target for Nasdaq 100 is 1700 if it breaks primary support at 2050.
okay now stop emailing me unless it’s important.