2021 Analysis From Wayne

Good Day,
                   These are the Monthly/Weekly/Daily charts. Since NASDAQ, S&P500, and SOXX semiconductor indices are still bullish, S fund should continue bullish trend after a week consolidation.
Above, the monthly reversal line shows the uptrend will continue to at least till next February/March time frame.
Both 2 red circles have very similar bullish structures.

Above is the Weekly NASDAQ Index Chart:
In future –
If it stands on 12450 + 12025, the trend is very strong.

If it stands on 11460 + 11050, the weekly line is still bullish.


Above is the Daily NASDAQ Index Chart:
In future –
If it stands on 12800 + 12705, the trend is very strong.

If it stands on 12450 + 12380, the weekly line is still bullish.

Have a nice day, Wayne

 



Written By

Scott Grimes

  • 05/12/25

    Good Morning, Our charts told us we were at the bottom and the fundamentals agreed. The opportunity was so compelling that we probably jumped back in a few weeks to early, but we wanted to make darn sure we were positioned for the run that would surely come. The market dipped and many chicken little…

  • 05/05/25

    Good Morning, Inevitably, we will have a down day and today is it. Believe it or not the S&P 500 has gone up the past nine sessions and it’s been a long time since it’s done that. So a down day today is not so bad. The recent run has pretty much put things back…

  • 04/29/2025

    Good Afternoon, This was a Fed Driven market. It was all about when the Fed would be reducing interest rates based on inflation and that’s still the case to a certain degree, but in all actuality everything is waiting on the outcome of the tariff situation. So given that fact I’m going to say that…