Nasdaq 100 Ex Technology Sector Index – No Tech…No High Power…

Nasdaq 100 Ex Technology Sector Index –  Today on ATA Research Radar 

after

29.04.2019  –  Philadelphia Semiconductor Index – Cheap Chips …!!???

30.04.2019  –  PHLX Housing Sector Index in Slowing Shadow…

&

1.05.2019 –  Nasdaq 100 Technology Sector Index – Main Rally Winner but Near the Finish Line…

 

ATA Following …

14.01.2019 –  NASDAQ – V CORRECTION – from Dynamic Risk Off to Dynamic Risk On…

 

 

 

 

Nasdaq 100 Ex Technology Sector Index  LONG TERM  SITUATION 

ATA MARKET MODEL  IN LONG TERM ACTION  

 

First…Market Motives :

US & Global Slowdown or Recession Mainstream Projections 

vs

US GDP Annualised (Q/Q) Q1 3.2%

(exp 2.3%; prev 2.2%)

&

FED Policy & Powell Speeches ( FED Meeting Today ) 

with

Nasdaq –  Back from  All Time High  –  Last ( 29.04.2019 )

vs

Nasdaq 100 – No New All Time High – Last ( 25.04.2019 )

&

Nasdaq 100 Ex Technology Sector Index

New All Time High  

but

still Near  2018 Top Zone ( 3130 – 3160 ) 

Last Record – 30.04.2019  in  3200  Zone

( Max 3203 )

 

Second…Market Technical Patterns :

Monthly View 

first of all

Long Term Ending Diagonal Pattern 

starts from Lehman Low  2009 year

with

Rising Channel 

starts from  March 2016

Inverted Triangle 

starts from  December  2017

&

Last All Time High – ( Max 3203 ) 

30.04.2019  in  3200  Zone

with

Present Psychological Key Level

3000 

 

Main Resistance Zone

3600 – Ending Diagonal

3400  –  Trend Channel

3200 – Inverted Triangle

Main Support Zone

3150  –  2018 Top Zone –  October 2018

3000 – 2950  –  Ending Diagonal

2750 – Trend Channel

2500-2530 –  December 2018 Low

with

MACD Monthly 

Active Sell Signal  &  Negative Divergence 

 

ATA Investment Conclusion

Bullish Wave  dominates

but

New All Time High  

still Near  2018 Top Zone ( 3130 – 3160 ) 

with 

Risks of

Long Term Ending Diagonal 

&

2B Pattern 

so

Special Focus on

Nasdaq 100  Ex Technology Sector Index  Smart Money Battlefield  

3200  vs  3000  

SM Reaction on 

EOM – Key Month May

 

always remember

Chart is More Important than 1000 Words…

&

Most Important s Final Smart money Reaction…

EOM – Key Month May

 

 

Nasdaq 100  Ex Technology Sector Index  Monthly Charts :

30.04.2019 ( EOM )