Is Nasdaq doomed?
Updated
For the first time, ever, as a species, immortality is in our reach.
Oops forget it, this is from another script.
For the first time, since quite some time, NDX's RSI is almost ready to:
Close below 50, retest 50, and drop below it yet again.
Only 10 days for it to change its mind. Maybe the point of no return is long-gone...
Tread lightly, for this is hallowed ground.
-Father Grigori
Oops forget it, this is from another script.
For the first time, since quite some time, NDX's RSI is almost ready to:
Close below 50, retest 50, and drop below it yet again.
Only 10 days for it to change its mind. Maybe the point of no return is long-gone...
Tread lightly, for this is hallowed ground.
-Father Grigori
Note
Look at a curious similarity: (Charts on different timeframes)Note
Line pattern is taken with a beginning in 1990 and includes the .com bubble.It is just stretched horizontally. We are in a big but tough bubble which will take quite some effort to deflate.
"We know it will be a long recession. We don't know how deep it will be."
Note
Look at this Head and Shoulders that is shaping in the RSI of SPXNote
Why has NYA taken such a peculiar shape the past couple of years? It is very squashed upwards, like a ball, and is moving very fast downwards. Very weird...
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.