NASDAQ - putting in the Doji?
Could be the first possible reversal candle in the making. We would need a confirmation, so watch this closely here as things are getting a bit exuberant.
Nasdaq 100 Green YTD, EPS expectations freefalling…
12m forward earnings do not matter in a pandemic…2020 is a write-off
NASDAQ - remember that “perfect” bounce on the 200 week moving average
Last time we bounced on the longer term trend was that “crazy” Christmas of 2018. That bounce lasted until we saw new ATHs in NASDAQ…
It is easy to “buy” the bearish arguments people are outlining, but momentum in tech remains strong…for now.
Newbie here - does this mean we’re at an inflection point? Or does this confirm that it is in fact on track to do a V recovery? 