{"id":103763,"date":"2017-03-22T08:31:29","date_gmt":"2017-03-22T12:31:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=103763"},"modified":"2017-03-22T08:31:29","modified_gmt":"2017-03-22T12:31:29","slug":"nasdaq-100-technical-analysis-implementation-of-economic-reforms-in-us-may-face-hurdles","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/03\/nasdaq-100-technical-analysis-implementation-of-economic-reforms-in-us-may-face-hurdles\/","title":{"rendered":"Nasdaq 100: Technical Analysis &#8211; Implementation of economic reforms in US may face hurdles"},"content":{"rendered":"<div id=\"inves-3086681019\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 22, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p><strong>Implementation of economic reforms in US may face hurdles<\/strong><\/p>\n<p>US stocks fell on Tuesday. Investors booked profits on uncertainty over the timing of implementation of the Trump\u2019s economic program. Will <a href=\"http:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/nd100\">Nasdaq 100 index<\/a> correct down?<\/p>\n<p>The Trump\u2019s administration has being criticized recently in the US. Market participants began to doubt whether it may undertake a full set of measures to stimulate the US economy. The first step towards the Trump\u2019s program is the cancellation of Obamacare introduced by the previous US president Barack Obama. The voting will take place on Thursday in the US Congress House of representatives. Some congressmen-republicans claim that doubt the reasonability of the rolling the reform back. Investors believe that if Trump\u2019s supporters fail to revoke Obamacare, other economic changes will be questionable. Meanwhile, after Trump\u2019s victory in US presidential elections on November 8, 2016, US stock have been advancing mainly on expectations of the new economic reforms to stimulate the real sector companies. All US indices may correct theoretically. In this report we analyze Nasdaq 100. This week little economic data will come out in US. The Fed Chair Janet Yellen\u2019s speech and the voting on Obamacare may affect the prices. Both events are expected on Thursday.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/21-03-2017.png\" alt=\"ND100\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily chart <b>ND100: D1<\/b> is struggling to correct down but is still rising. Prices may fall in case of problems with implementation of new economic program by Trump.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives bullish signal. It may serve the additional level of support which has to be broken down to open the short position.<\/li>\n<li>The <a href=\"http:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands<\/a> have narrowed which means lower volatility.<\/li>\n<li>The <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI<\/a> has fallen below 50. It has formed negative divergence.<\/li>\n<li>The <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD<\/a> gives bearish signals.<\/li>\n<\/ul>\n<p>The bearish momentum may develop in case <b>ND100<\/b> falls below the two last fractal lows and the Parabolic signal at 5333. This level may serve the point of entry. The initial stop-loss may be placed above the last fractal high and the historical high at 5444. Having opened the pending order we shall move the stop to the next fractal high following the Parabolic and Bollinger signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. The most risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop-loss level at 5444 without reaching the order at 5333, we recommend cancelling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-1492211492\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">below 5333<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">above 5444<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Implementation of economic reforms in US may face hurdles US stocks fell on Tuesday. Investors booked profits on uncertainty over the timing of implementation of the Trump\u2019s economic program. Will Nasdaq 100 index correct down? The Trump\u2019s administration has being criticized recently in the US. Market participants began to doubt whether it may [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-103763","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=103763"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103763\/revisions"}],"predecessor-version":[{"id":103773,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103763\/revisions\/103773"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=103763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=103763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=103763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}