S&P 500/ Nasdaq close 3/4/19- Learn how to trade stocks, how to trade stock options, how to read stock charts

blog logo 700x323 - S&P 500/ Nasdaq close 3/4/19- Learn how to trade stocks, how to trade stock options, how to read stock charts

 

40+ day UPTREND intact, but things are getting sloppy.  We broke the 10sma intraday, and then ripped right back up.  MACD is curling lower, but PRICE is still above our key moving averages.  These kinds of shakeouts create new leaders and more trading opportunities.  Odds still favor 2900 before 2700.  Stay long vs your stops.

SPX 700x354 - S&P 500/ Nasdaq close 3/4/19- Learn how to trade stocks, how to trade stock options, how to read stock charts

Naz still looks strong to me.  FAANG could lead the next leg higher (late week, or next week).  Keep an open mind, and stay long vs your stops.

NAZ 700x354 - S&P 500/ Nasdaq close 3/4/19- Learn how to trade stocks, how to trade stock options, how to read stock charts

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