It's been a pretty reliable indicator for both tops and bottoms. Starting to get really uncomfortable with the amount of FOMO going on out there now. Reminds me of Xmas 2017. NVT was early in the 2019 top so I wouldn't be getting short but certainly keeping a close eye on longs now. Late-December is VERY reminiscent of the 2017 spike high as well...
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.
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.