Weekly and Monthly remain bullish and uptrend.
-- Nasdaq --
+ Daily chart - Weak hammer candle bouncing from trendline and 10400 support zone.
+ Sign of Classical Bullish Divergence seen on H4
- FiFT still -ve
- ATOM crossing below mid line.
-- XLK (US Tech sectors) --
Uptrend still intact but index close below EMA20 for the first time since 3rd April.
ATOM crossing below midline and FiFT remain -ve on daily chart..
Summary
Remain cautious with technology sector. Hit & Run or take partial profit when hit certain target is probably a good strategy ..
However, it will be an opportunity to buy low if Nasdaq and XLK able to bounce from key support zone / trendline.
-- Nasdaq --
+ Daily chart - Weak hammer candle bouncing from trendline and 10400 support zone.
+ Sign of Classical Bullish Divergence seen on H4
- FiFT still -ve
- ATOM crossing below mid line.
-- XLK (US Tech sectors) --
Uptrend still intact but index close below EMA20 for the first time since 3rd April.
ATOM crossing below midline and FiFT remain -ve on daily chart..
Summary
Remain cautious with technology sector. Hit & Run or take partial profit when hit certain target is probably a good strategy ..
However, it will be an opportunity to buy low if Nasdaq and XLK able to bounce from key support zone / trendline.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
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tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.