TAGS: Technical analysis Nasdaq
Bloomberg:
- Nvidia is on sale and Cathie Wood is a big buyer
MarketWatch:
- Stocks may be headed for more pain as second half of September is historically ‘very bearish’
- ‘More pain to come’ for stocks as S&P 500 likely to bottom around 3300, Interactive Brokers’ founder says
- Dow end up nearly 200 points ahead of Fed’s next meeting
We have a hunch that the market has already priced in the next rate hike to come. All the bounces of main indexes need confirmation.
Global Indexes
S&P 500
The S&P 500 closed a fraction below its 3900 level with an engulfing bull candle in all negative territory.
DAX
The DAX made a similar bounce on its 12600 short term level support, also in all negative territory.
HANG SENG
The HANG SENG is also making a small bounce in negative territory.
NYSE & NASDAQ Stocks
NVIDIA Corporation
I zoomed out to show the full correction of NVIDIA. It made an engulfing bull candle with divergence that was confirmed with another bullish move. It will have to make more positive moves before the MACD will turn green.
Apple Inc
Apple made a hammer candle with divergence in place that was confirmed by a very large engulfing bull candle.
JSE Stocks
JSE All Share
The JSE All Share also made a hammer candle with divergence in place. We will have to see if it gets confirmed today.
Investec plc
Investec made a High Wave and Dragonfly doji (specific hammer) candles next to each other. Both candles are turning candles to be confirmed. See lesson 9 for explanations of these candles.
Algomodel Startegies, Education & Features
Click on Education or go to the home page to view education posts.
Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.
All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.
