First of all I think Baywatch attracted a lot more fans, than probably i-Watch ever will. Apple seems a lot less innovative now. Anyway, this is my own view, of course equity Bulls on Wall Street will all buy iWatches from their annual bonuses, days of Rolex, IWC, etc. are over, iWatch is the one that has value! :-)
Back to Nasdaq100.
Daily: nice long term bullish Ichimoku setup, but there are signs of trend wave exhaustion. Tenkan, Kijun and future Kumo components have become flat line. Pause time? ADX started to decrease a bit. MACD and Slow Stoch turned bearish... who cares, when you'll soon have an iWatch?
(I am not an expert of candle patterns, but has been a minor bearish megaphone developing since 27/Aug?)
I am sniffing some correction here, possibly down to Kijun Sen at 3975.
4 Hrs: Clearly a sideaway struggling now. Break attempt below the Kumo, but again, the horizontal support (range bottom) has not yet cleared. We have a very thin Kumo now, with flat Tenkan and Kijun, which means these lower supports are extremely weak.
DMI zig-zag with very low ADX -> no trend at moment.
Level to be watched: 4060
1 Hr: nothing to see here. A complete sideaway noise.
Again, the lower level to be watched: 4060.
This index stinks even more than SP500. You know what? Let me have an extreme call this time: zoom out the daily chart... it LOOKS like a BUBBLE! But so far it is a Bubble bath. It will be a real Bubble burst when 3970 and 3860 will be broken.
Back to Nasdaq100.
Daily: nice long term bullish Ichimoku setup, but there are signs of trend wave exhaustion. Tenkan, Kijun and future Kumo components have become flat line. Pause time? ADX started to decrease a bit. MACD and Slow Stoch turned bearish... who cares, when you'll soon have an iWatch?
(I am not an expert of candle patterns, but has been a minor bearish megaphone developing since 27/Aug?)
I am sniffing some correction here, possibly down to Kijun Sen at 3975.
4 Hrs: Clearly a sideaway struggling now. Break attempt below the Kumo, but again, the horizontal support (range bottom) has not yet cleared. We have a very thin Kumo now, with flat Tenkan and Kijun, which means these lower supports are extremely weak.
DMI zig-zag with very low ADX -> no trend at moment.
Level to be watched: 4060
1 Hr: nothing to see here. A complete sideaway noise.
Again, the lower level to be watched: 4060.
This index stinks even more than SP500. You know what? Let me have an extreme call this time: zoom out the daily chart... it LOOKS like a BUBBLE! But so far it is a Bubble bath. It will be a real Bubble burst when 3970 and 3860 will be broken.