Been a while since I last posted. So figured I'd share this quick chart. Market undoubtedly have been incredibly volatile this month. However luckily, the Nasdaq has been forming bull flag on the daily chart. This follows a strong prior uptrend. The breakout took place today, sending the index to test ATHs.
Notable stocks making a move are names like
AMZN and 
NVDA , mainly due to the broader market strength. Other indices, such as the S&P 500 ( 
SPX ) also are breaking out as they form a similar bull flag pattern.
At ATHs, this is a deciding factor of where the market goes next. Either it bounces off to near-term support, or the market rallies to a new all-time high until next cooldown.
Note: not financial advice
Notable stocks making a move are names like
AMZN and NVDA , mainly due to the broader market strength. Other indices, such as the S&P 500 ( SPX ) also are breaking out as they form a similar bull flag pattern.At ATHs, this is a deciding factor of where the market goes next. Either it bounces off to near-term support, or the market rallies to a new all-time high until next cooldown.
Note: not financial advice
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.