NQ Plot
Updated
I mentioned this before close, but NQ very rarely just breaks one blue trendline, it usually goes for at least 2.
No longer oversold, so it could go down despite not being overbought. Algos appear to be pumping small caps, not tech or FAANG.
NQ is the only index future that's red right now (though barely).
Note the new magenta channel.... not predicting a crash, but I think this heads lower.
No longer oversold, so it could go down despite not being overbought. Algos appear to be pumping small caps, not tech or FAANG.
NQ is the only index future that's red right now (though barely).
Note the new magenta channel.... not predicting a crash, but I think this heads lower.
Comment
Like I said yesterday, rarely just goes one line...Disclaimer
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