Nasdaq Break

person using MacBook Pro on table

Image Source: Unsplash
 

After ages of watching the /NQ try to bust past its price gap, we’ve finally got a reversal. Even in just the past few days, the /NQ made five different attempts to rip higher, failing each time. I guess yesterday was the last gasp, because the QQQ, having finally sealed its price gap from early November, created a new, lower gap and, more importantly, has broken its medium-term uptrend. This is the first positive development the bears have had in months!
 


More By This Author:

Noflation
Digital Gold, Huh?
In The Week Ahead ...
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.