Nasdaq Biotechnology Index – Major Bear Test…

Nasdaq Biotechnology Index  –  Back Today on ATA Research Radar 

 

ATA Continuation of…

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…

2.05.2019 –  Nasdaq Biotechnology Index – Pathfinder Risk Off Scenario for All Nasdaq Indexes…

9.08.2019 –  Nasdaq Biotechnology Index – in a Line on Bear Fire…

 

Nasdaq Biotechnology Index Main Motives

Global & CHINA – US – EU – UK Slowdown  & Recession Risk

Germany  Technical Recession 

US – CHINA TRADE  WAR  vs  TRADE HOPE 

BREXIT DEAL HOPE 

FED ” NOT QE4 ” 

FED to START BUYING $60B TREASURY BILLS PER MONTH FROM OCT. 15

&

LONG TERM NEGATIVE DIVERGENCE 

Nasdaq – All Time High July 2019 

vs

Nasdaq Biotechnology Index – All Time High  July 2015

 

Nasdaq Biotechnology Index –  all time Active Pathfinder Risk Off Scenario

for

All Nasdaq Indexes

from

Past 2015 Year

to

Present 2019 Year

even on

Last Yesterday  Super Euphory Motive

US – CHINA  GREAT TRADE DEAL created by TRUMP 

 

Nasdaq BioTech

 

First…ATA  from  2.05.2019

” Inverted Ending Diagonal Pattern 

( starts from February  2016 )

Two Hybryd H&S Patterns – Neckline 3150

( Candlestick & Line Charts )  ”

 

Second…NBI  Situation 

NBI SECULAR  SITUATION 

ATA MARKET MODEL IN LONG TERM ACTION  

 

ATA MIND OVER MARKETS

Hope is Not a Strategy 

Follow the Trendlines  Not the Headlines 

Failed Signal is the Strongest Signal

 

ATA MARKET MODEL 

First…Market Motive…

Second…Market Technical  Pattern…

 

First…Key Motives

above in this text…

 

Second…Market Technical  Patterns

Quarterly  & Monthly  View 

First of All still Active

M Pattern – Key Level  3865 

2015 – 2018 Year

still No New High since 2015 Top 

All Time High – ( Max 4194 ) 

Record – 07.2015  in  4200  Zone

still Active

Long Term Bullish Channel

but with

Characteristics  of  Ending Diagonal Pattern 

( starts from Low 1994 year )

with

MACD Quarterly Monthly Sell Signals

 

Monthly View 

still Active Open RISK OFF Scenario

Inverted Ending Diagonal Pattern 

( starts from February  2016 )

Two Hybryd H&S Patterns – Neckline 3150

( Candlestick & Line Charts )

Now dominating

Test

Psychological Key Level 3150 

Lower Edge – Inverted Ending Diagonal

Neckline – Two Hybryd H&S Patterns

 

ATA Investment Conclusion

Bearish Wave  still dominates

with 

Present Risks of Active

Inverted Ending Diagonal 

&

Two Hybryd H&S Patterns

remember

IRON Condition of Bear Wave Continuation 

Hard Broke Key Level 3150 

vs

Active Defense Key Level 3.150 

will Future Activate 

First…Baskerville Dog Action

Second…New Bull Wave 

so

Special Focus on

Present Key Level 3150 

SM Reaction on 

EOM – Key Month October 

 

always remember

WALL STREET NEVER TOLD YOU…YOU SHOULD SELL…!!!

Risk strikes Fast…

Chart is More Important than 1000 Words…

&

Most Important s Final Smart Money Reaction…

EOM – Now October 

 

 

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

9.08.2019 (  Second Half US Session )

Nasdaq Biotech - M -V

Nasdaq Biotech - M

Nasdaq Biotech - M - Line

Nasdaq Biotechnology Index  Quarterly & Monthly Charts :

11.10.2019 – EOW 

Nasdaq Biotech - Q

Nasdaq Biotech - M

Nasdaq Biotech - M - Patterns

Nasdaq Biotech - M - Patterns - Line

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