Analysis from Ryan Detrickk, CMT via Twitter: The Global A/D line made new highs again. Additionally, the Global Dow Index is nearing a major breakout. Tough to buy the ‘we’re headed for a global recession’ crowd when these two things are happening.
On January 23rd, 2018 we published the following Nasdaq 100 monthly price chart when it stood at $6,906, commenting: NASDAQ 100 (Symbol: NDX) Monthly Price Chart When in doubt about the target plot it on a semilog price axis, which reshapes an exponential trend with a linear look. Plotting the resistance trend line above the […]