Tuesday, September 24, 2019

Momentum Shifts Towards Key Trendline

The Nasdaq 100 has shifted momentum after a key short-term moving average rejected short-term price movement earlier today. As a result, tech stocks are potentially under pressure to correct lower especially if a 9-month rising trendline is broken to the downside.

Thursday, September 5, 2019

Equities Blow Through Key Levels To Eye Recent Highs

US equity indices ripped through their 50-day MA's to flip momentum back towards the 2019 highs.