June 12, 2017
Yet to be seen, Friday was the NASDAQ major top for the year. To be confirmed!
Did you ring a bell on the Hindenburg Omen indicator? In the early May, cnbc.com already alarm on the Hindenburg Omen crash potential. You could google it with ‘Hindenburg Omen Indicator’ keyword search.
Hindenburg Omen Indicator google search on June 12, 2017
Since early May everyone has being anticipating the Hindenburg Omen crash. Friday, everything seem to fall in place just right for the spell. Let’s Wait One More Day Lah (Singlish)!
True or True? Hindenburg Omen Indicator??! NASDAQ Index
Picture worth a thousand words.
See the channels and the magic boxes. On last Friday trading day, the price action may hit a strong resistance, last month high. A four percent pullback. On June 9 the market seems to feel the price is too high now. Is Hindenburg Omen? True or true?
The price has breakout below last month resistance, Waw!
We maybe just ahead of everyone worry; the trend ending! Bearish market starting!
June 9, 2017 NASDAQ Index and Hindenburg Omen
We did more than just technical analysis!
Caution! This site is not for you. It is not for every trader.
The analysis here is intended to be a tutorial only. We look at the chart from different views. We mainly study the popular stocks in US market and Singapore. Hope you can learn something. There is no right no wrong.
Moses Stock Analysis
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.