Showing posts with label Nasdaq. Show all posts
Showing posts with label Nasdaq. Show all posts
Thursday, August 24, 2017
Tuesday, August 15, 2017
Thursday, July 27, 2017
Monday, May 26, 2014
2014/05/23 BIDU & NDX setup update: daily squeeze fired long while weekly squeeze is building thrust power
Short update for the NDX and the BIDU weekly-daily squeeze setup of May 19, 2014:
Driven by the Nasdaq breakout on Friday, the daily squeezes of both, BIDU and the NDX have fired long. In this move, BIDU has already reached a first target, the 127.2% Fib-extension at $167.05, which now adds to the overhead resistance of the April 25 swing high at $167.36. A small retracement on Tuesday possibly with an additional squeeze in the 30 min chart would be nice to find a good entry point for the long side.
What makes this setup so attractive is that there is lots of "squeeze-fuel" left in the trade, with a 7-9 bars expected move off the daily chart, and a weekly squeeze that hasn't even fired yet. A good time to turn on the squeeze thruster ...
Driven by the Nasdaq breakout on Friday, the daily squeezes of both, BIDU and the NDX have fired long. In this move, BIDU has already reached a first target, the 127.2% Fib-extension at $167.05, which now adds to the overhead resistance of the April 25 swing high at $167.36. A small retracement on Tuesday possibly with an additional squeeze in the 30 min chart would be nice to find a good entry point for the long side.
What makes this setup so attractive is that there is lots of "squeeze-fuel" left in the trade, with a 7-9 bars expected move off the daily chart, and a weekly squeeze that hasn't even fired yet. A good time to turn on the squeeze thruster ...
BIDU
NDX
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