Tomorrow is all about the NASDAQ as this is looking to provide confirmation that the 200 Moving Average has actually broken for the first time in over a calendar year!
IF that happens, Dow Jones, SP-500, and now NASDAQ will all be over the 200MA on the Daily Chart - the first signal that a bull market is here
For another week, we are still sitting at critical tests for the NASDAQ and SP-500.
Still feeling bullish; however, some key tests across the NASDAQ and SP-500 that need good confirmation on Tuesday
Expanding this to start including some Hong Kong and Chinese Mainland Indices. Today's video includes FXI, but goal will be to add Hang Seng and CSI 300 Indices next.
Overall a lot to feel bullish about with Friday’s Jobs Report, but Monday's open and upcoming earnings will be critical to sustain
Similar to the recent NASDAQ version, I take a Long Term Technical Analysis view on the SP-500 and Dow Jones. Instead of looking at the Daily and Weekly Charts, I will use the Monthly, Quarterly, and Yearly Charts (leaning more on the last two) to see how 2023 might unfold for these two indices.
Instead of looking at the Daily and Weekly Charts, I will use the Monthly, Quarterly, and Yearly Charts (leaning more on the last two) to see how 2023 might unfold for the NASDAQ.
Target 2023 End of Year is $8,900; High End potentially hitting $13,000 and Low End potentially hitting $8,000
Using Support and Resistance lines, as well as Moving Averages, MACD, and RSI indicators, we will see how June is shaping up for the NASDAQ, S&P-500, and Dow Jones Index