PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

Archive for the ‘Nasdaq’ Category

April 4th, 2014: Nasdaq Weekly Chart with Indicators

Posted by pugsma on April 4, 2014

1:40 pm EST:  The Nasdaq weekly chart is showing a long of negative divergence on the indicators similar to the summer of 2011 before the P2 correction.  It looks that the Nasdaq is indicating that P3-C1 topped around March 6th and the SP-500 and DJIA are just making there P3-C1 top 1 month later.

Nasdaq Week Chart (4-4-14):

PUG Nasdaq Weekly Chart with Indicators 4-4-14

Posted in Nasdaq | Comments Off on April 4th, 2014: Nasdaq Weekly Chart with Indicators