Stock Market Masters

Posts Tagged ‘retracement’

Of the three major indexes we track: DOW, NASDAQ and the S&P 500, only the NASDAQ is in thin air.

So far the NASDAQ is the only index to make it past the 50% Fibonacci retracement levels as measured from the highs seen in 2007 and the lows that were made in March of 2009. That is what I mean by thin air.

Another term you will learn in the video is the Negative Engulfing Line: When you totally engulf the previous day’s range and close on the low.

Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level. Markets tend to make a turn tetween 50% and 61.8% of the retracement level. The NASDAQ is in that zone now.

Many professional traders are looking at the NASDAQ retracement using the Fibonacci tool, as it represents a potentially key turning point in the market this year.

While not all the pieces are in place to go short or get out of long positions, one of the first clues is being put in place today by the Japanese candlestick charts.

In our new video, we share with you the NASDAQ retracement levels, as well as one of the key components that could lead to a potential reversal to the downside.

If you are a trader, you should be watching the trends using the Fibonacci Tool inside MarketClub to help maximize your returns.

Watch the video: Is the NASDAQ Now in Thin Air?

You can get more videos by clicking the FREE TRIAL button above the video.
What do you think about this video? Your comments and feedback are welcome.