Nasdaq Biotechnology Index – Pathfinder Risk Off Scenario for All Nasdaq Indexes…

ATA Continuation…

27.03.2015 –  BIOTECH STOCKS ON MARKET FIRE …!!!

9.04.2015 –  DON’T MESS with BIOTECHNOLOGY…

30.04.2015 –  BIOTECH SKYFALL…

23.08.2015 – BIOTECH STAR FREE FALL…

 

Nasdaq Biotechnology 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…

1.05.2019 –  Nasdaq 100 Ex Technology Sector Index – No Tech…No High Power…

 

ATA Following …

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

 

Nasdaq Biotechnology Index – Pathfinder Risk Off Scenario

for

All Nasdaq Indexes

from

Past 2015 Year

to

Present 2019 Year

 

biotech

 

Nasdaq Biotechnology Index  SECULAR  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 

Interest Rate Unchanged – Target Range stands at 2.25-2.50%

US Economy Supported by ‘Solid Fundamentals’ 

Healthy GDP Growth Expected for Rest of 2019

Patient Stance on Policy

with

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

Nasdaq 100 – Back from  All Time High – Last ( 25.04.2019 )

vs

Nasdaq Biotechnology Index

Now New All Time High  from  July 2015 

Last Record – 07.2015  in  4200  Zone

( Max 4194 )

 

Second…Market Technical Patterns :

Monthly View 

first of all

Long Term Bullish Channel

but with Characteristics  of 

Ending Diagonal Pattern 

starts from Low 1994 year

with

Inverted Ending Diagonal Pattern 

starts from February  2016

&

Last All Time High – ( Max 4194 ) 

Last Record – 07.2015  in  4200  Zone

with

Present Psychological Key Level

4000 

 

Main Resistance Zone

5300 – Secular  Ending Diagonal & Trend Channel

4300 – Inverted Ending Diagonal

Main Support Zone

3100  –  Inverted Ending Diagonal

3000 – Psychological Key Level

2800 –  December 2018 Low

2000 – Secular  Ending Diagonal & Trend Channel

1500 – Dot Com Bubble 2000 year

with

MACD Monthly 

Active Sell Signal  &  Negative Divergence 

 

ATA Investment Conclusion

Bearish Wave  dominates

with 

Risks of Active

Inverted Ending Diagonal 

so

Special Focus on

Nasdaq Biotechnology Index  Smart Money Battlefield  

4300  vs  3100 -3000-2800

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 Biotechnology Index  Monthly Charts :

27.03.2015

9.04.2015

30.04.2015

1.05.2015

23.08.2015

BIO-3

BIO-4

1.05.2019

Nasdaq Biotech Index - M - log

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