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

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 -5

 

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 )

Nasdaq Tech Index - M - Line - log

Nasdaq Tech Index - M - log

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