Trend following The Nasdaq 100 Index, after the close today, has reestablished it’s momentum at or exceeding a 10% annualized rate of growth, over a 200 day ma.
This is trend following, – no forecasts, no predictions, no personal opinions.
Nasdaq 100 Index
So this thing certainly is not on the Bullish Trend List.
Trend following the sell-off, The Gold Miners Index $GDM $GDX is testing another S/R (Support and Resistance Price Level) at $576.60. So this thing certainly is not on the Bullish Trend List. When it returns to a trend in excess of, or at a minimum of, 10% annualized over 200 days ma, it’ll be back on the Upward Trend List. This index is one of 20 we monitor.
Market Chart 63 day, daily: