London- Attempting bullish upside breakout, following Brexit

London- Attempting bullish upside breakout, following Brexit

The media seems to be focused on the Brexit issue, with most of the coverage suggesting it was a negative event. Regardless of the media’s focus, prices are attempting to do something in Europe, that could be bullish and surprise a few investors. CLICK ON CHART...
Fear index breaks out, Nasdaq breaks support below resistance

Fear index breaks out, Nasdaq breaks support below resistance

  CLICK ON CHART TO ENLARGE The chart above looks at the Nasdaq 100 and the Nasdaq Fear Index (VXN) over the past 15-months. The NDX 100 continues to create a series of lower highs since last fall. Falling resistance was hit at (1) of late, at the top of a small...
Nasdaq- Facing most important resistance test this year!

Nasdaq- Facing most important resistance test this year!

CLICK ON CHART TO ENLARGE From a Power of the Pattern perspective, Tech humbly appears to be facing the most important resistance test its faced in 2016. The left chart looks at the NDX/S&P ratio, which reflects that tech was much stronger from early to 2013 until...