Subscribers Special Report Via -TradesAfterWork5/25/2020Posting this to share with our readers: (We really like these Weekly Technical Briefs by TaW).The weekly chart of the Nasdaq Composite Index below has many bullish implications. The weekly chart shows us what the intermediate term trend is looking like, which is obviously more sustaining than just the short term trend, which is positive. The Percentage Price Oscillator (PPO) is positive and above the zero line for the first time since the bounce off the bottom low of March 23, 2020. That is huge, and is showing positive momentum strengthening the intermediate term trend. As you can see, the 10 Week Simple Moving Average is curling up, trying to reach and go above the 40 Week SMA. That is a must happen if we are to get real traction. The Stochastics is positive and the Relative Strength Index (RSI) is above 50. What more could you ask for? A close in price above its February 18th high of 9838.This Daily chart of the Composite's PPO looks good. The Stochastics and RSI look fine too. What catches my eyes though, is price trading so far away from the 50 Day SMA. Currently, depending on how you measure it, the index price is close to 12% above its 50 Day SMA. That is at least something to keep in mind. I know that the RSI is below 70 so, from the RSI stance, the Index would not be considered overbought. We also know that an Index or stock could stay overbought for some time even while it continues to stay above that pivotal 70% area. Typically, looking back, when the Composite Index is double digits away from its 50 Day SMA the Index will often take a rest by pulling back some or going sideways and consolidating the gains it has made. This Index might keep going higher, though, with all the fuel that the Feds are putting in. I would prefer to see some sideways action, so that the 50 Day SMA can catch up or move a little closer to prices.Here is the daily chart of the S&P 500 Index. You can just look at the chart and see why this index has been a laggard compared to the Nasdaq Composite Index. The real challenge for this index is to begin trading above its 200 Day Simple Moving Average. We don't know when that will happen and until that happens the Index faces headwinds. Meanwhile, the Nasdaq Composite Index has the wind at its back. The 50 Day SMA is trying to curl up though, so that is positive action. Again, what this means is that, most likely, John & Mary Public are not benefiting to the full extent from this recent rally since most 401(k)s and retirement accounts are more aligned with the S&P 500 Index and not with the mighty Nasdaq Composite Index.Below is the Bullish Percentage Index of the Nasdaq 100 or QQQ. Remember the Bullish Percent Index assesses level of risk. The QQQ continues to be in a down trend when it comes to fewer buyers (X's) and more sellers (O's) in the index. This is demonstrated by the lower highs and lower lows. This can easily change if we can break out into a double top chart pattern and hit 78% (highlighted in yellow). That would be a very bullish sign. If, on the other hand, the Index reverses back down into a column of O's by falling to 68%, we will continue the pattern of lower highs and lower lows.If you have any questions or I can be of any assistance please don't hesitate to contact me.Take Care!Learn more about them here - TradesAfterWork.com - https://twitter.com/BERNARDCLAY9!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.If you liked this article, please click the LIKE (thumbs up) button.Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so).Follow us/bookmark us and check back occasionally for additional articles or comments on our page...Wild Tiger Trading - start/main page..Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital. Well now that problem is solved!Try2BeFunded has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try..