NASDAQ is showing very strong overbought signals by the StochRSI, MACD, and triangle patterns. Fundamentals for the stock market are weak and weakening with a rapid decline in the USD to be expected over the next years. My recommendation is to invest in inverse ETF's and diversify your holdings into bitcoin and litecoin.
China is vying for power and recognition...
On the second week of May 2006 the NQ changed his strong trend. Now the pattern looks pretty similar IMHO or at least interesting. As the pattern is a bit out of phase (by a month) we might not have the same "Sell in May", but a RSI divergence is again in the cards as well as a parallel test and potential immediate gap fill (2nd gap since Jan).
