The percentage of stocks above the 5-day moving average hit 96% โ ๏ธ
We have seen a cooldown every time the tech got this over-extended in a short period of time.
6 years of data on this chart suggest a meaningful pullback/correction is coming.
Simple yet very effective. This time it's going to be no different.
Image
QQQ NQ1! SPY NDFD
We have seen a cooldown every time the tech got this over-extended in a short period of time.
6 years of data on this chart suggest a meaningful pullback/correction is coming.
Simple yet very effective. This time it's going to be no different.
Image
QQQ NQ1! SPY NDFD