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

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