Technical Strategy Video (Recorded Thursday, October 14th):

The video in this report is only accessible to members
The video in this report is only accessible to members

Key Takeaways

  • Equity indices have moved up to a make-or-break area for bulls and bears alike.  Above SPX 4465 would suggest a move to 4650-4700 is underway, and for NDX-15,400
  • Cyber-security is a key focus within the software space, and many of these stocks and the ETF’s are quite constructive technically
  • Uranium is a key area of focus, and this entire space is quite bullish technically

Rally in NASDAQ 100 has neared an important area, not unlike S&P and DJIA after this week’s bounce.  It’s thought that NASDAQ should likely lead markets in both directions, making breakouts in NASDAQ something to watch for in the days/weeks ahead.  Rising above 15,200 would be an initial good sign.  Then movement above 15,400 allows for a push to new highs. 

The video in this report is only accessible to members

Technical Developments

S&P, NDX, DJIA have broken downtrend lines from September which is constructive. Structurally, Elliott-wave patterns still suggest that more is needed before giving an “All-clear” for Equities, namely 4465 for SPX and 15,400 for NDXBreadth finished an impressive 4/1 bullish and it’s thought that even if the back half of October ...

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