Financial market today Nasdaq Index American Stock Exchange forecast By Francesco Massetti Posted on 25 August 2020 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr Nasdaq Quarterly July 2020 Financial market today Nasdaq Index American Stock Exchange forecast Financial market today Nasdaq Index American Stock Exchange forecasts through the technique of W.D. Gann. Nasdaq Index monthly July Financial market today Nasdaq Index medium term forecast The medium term ascending corridor, which has traced for long time the bullish dynamics of Nasdaq Index, is recently been broken upwards. The bases of this corridor are constituted by the 1X1 Zero angular vector from the maximum of October 2007 and the 1X1 Zero angular vector of the minimum of May 2011. The Stock Exchange software has radiated this vector in red, as described in the photo just above. We can observe that the lower base has been test for good three times and every times that quotations have intercepted the levels of the Zero angle that have immediately reacted producing rallies. In particular we can note February 2016, December 2018 and March 2020. On the other side, we can note that the upper part of the corridor has always determined corrective pushes every time that the price/time of the Nasdaq Index reached this angular vector. In particular the top of May 2011, the top of September 2018 and the maximum of February 2020. The sudden corrective acceleration of March 2020 and the test of the base of the lower corridor was inclined to indicate a conclusion of the bull campaign and the birth of a new negative season. However we have observed, following the expirations of the temporal cycles, to the violation of the upper base of the bullish corridor in July 2020. Another substantial aspect is the value of the acceleration angle of Nasdaq, which from last April has reached a value of good eight times its natural Drift. This considerations change the medium term technical frame. Even if it is possible some phases with corrective retracement, in the medium term the trend of positive returns remains strong. Next angular resistances 10.878; 12.618. next dynamic supports in area 9.000. Nasdaq Index long term forecast Nasdaq Index quarterly July 20 In the quarterly time frame we can observe even more clearly as the 1X1 Zero angle from the top of March 2000 determines more a median line than a base of the ascendant corridor. In this context an important medium-long term resistance is growing. Angular supports in area 9.030; 8.300. The analysis report of Nasdaq Index has been realized thanks to Stock Exchange Top Trader©.
