Nasdaq 100 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…
ATA Following …
14.01.2019 – NASDAQ – V CORRECTION – from Dynamic Risk Off to Dynamic Risk On…
Nasdaq 100 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 Technology Sector Index – No New All Time High
Last Record – 25.04.2019 in 4900 Zone
(Max 4894 )
Second…Market Technical Patterns :
Monthly View
first of all
Long Term Bullish Channel
with
Trendline
starts from Lehman Low 2009 year
&
Channel Line
but with
Characteristics of Ending Diagonal Pattern
&
Last All Time High – ( Max 4894 )
25.04.2019 in 4900 Zone
with
Present Psychological Key Level
5000
Main Resistance Zone
5100 – Channel line
5000 – Psychological Key Level
Main Support Zone
4450 – 4500 – 2018 Top Zone – August 2018
4400 – Bullish Trendline
3450 – December 2018 Low
with
MACD Monthly
Active Sell Signal & Negative Divergence
ATA Investment Conclusion
Bullish Wave dominates
but with Risks of
Long Term Ending Diagonal
&
2B Pattern
so
Special Focus on
Nasdaq 100 Technology Sector Index Smart Money Battlefield
5100-5000 vs 4500-4400
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 Technology Sector Index Monthly Charts :
30.04.2019 ( EOM )
ATA FINANCIAL RESEARCH 