December 1, 2016

US Stock Analysis – ^NDX

^NDX | NASDAQ 100 Stock Chart

Only one month to go, the year will be ending, 2017 will start. Is the last few months, since September the index already testing the peak of 2016. It is pretty clear that the price action can not break even higher so far. The price action has been test, retest the same level since September.

December 1, 2016 NASDAQ 100 Daily Chart

NASDAQ 100 Stock Chart Analysis

The index stay on the same high for eleven weeks. None of the bar are able to close higher than 4900. Is this a Gartley ABCD Sell pattern? Will see.

December 1, 2016 NASDAQ 100 Weekly Chart and ABCD Pattern

Moses Stock Desk

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