Some markets are starting to trade parabolic (Dow & SOX). It's late in the daily cycle. I'd like to see the Nasdaq retest the breakout during the next correction and allow the 200 week moving average some time to catch up to price.
Chart Of The Day – Nasdaq Composite
Some markets are starting to trade parabolic (Dow & SOX). It's late in the daily cycle. I'd like to see the Nasdaq retest the breakout during the next correction.
Disclosure:
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