Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
Pullback in tech is imminent 🚨
Nasdaq 100 Stocks Above 5-Day Average
Short
Pullback in tech is imminent 🚨
By Big_Bull21
Follow
Follow
Nov 7, 2023
1
Nov 7, 2023
The percentage of stocks above the 5-day moving average hit 96% ⚠️
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
Chart Patterns
Technical Indicators
Trend Analysis
Big_Bull21
Follow
Also on:
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
.