Answer the following essay question as completely as possible.
What is the NASDAQ Index? Discuss, and explain its relationship to the ETF {Exchange Traded Fund) described as QQQ.
Consider the Big Charts, graph that has been provided:
#Describe the information being depicted
In your answer,
Discuss- time frame, frequency, price and volume.
Discuss - moving averages
Discuss - the three lower indicators of Volume +, MACD, and Fast Stochastic
Discuss - any apparent trend and/or price patterns
#If you had perfect information, (ie - knew this chart would take on these characteristics) one year ago how would you have âTradedâ this chart?
Discuss when you would have bought and sold QQQ ?
Identify entry, stop loss and target prices
Explain why you chose these prices
Can you follow the general market character by following the QQQ? If so, what can be said about the character over the last year? Considering your charting skill, current geo-political, economic and market conditions provide a forecast for future market direction for the rest of this year, one year out and three years out.
Answer the following essay question as completely as possible.
What is the NASDAQ Index? Discuss, and explain its relationship to the ETF {Exchange Traded Fund) described as QQQ.
Consider the Big Charts, graph that has been provided:
#Describe the information being depicted
In your answer,
Discuss- time frame, frequency, price and volume.
Discuss - moving averages
Discuss - the three lower indicators of Volume +, MACD, and Fast Stochastic
Discuss - any apparent trend and/or price patterns
#If you had perfect information, (ie - knew this chart would take on these characteristics) one year ago how would you have âTradedâ this chart?
Discuss when you would have bought and sold QQQ ?
Identify entry, stop loss and target prices
Explain why you chose these prices
Can you follow the general market character by following the QQQ? If so, what can be said about the character over the last year? Considering your charting skill, current geo-political, economic and market conditions provide a forecast for future market direction for the rest of this year, one year out and three years out.
