Since the beginner of 2019 the Nasdaq NDAQ had a 59% of valorization.
Despite the covid-19 fear and its future impact in the economic, speaking only looking for the graph – and I like decide my investment position looking the graph after a deep analysis in the economic news and traders position – we can see that devaluation in Nasdaq and the SP500 as normal movement. Let me explain better
In the graph we can see the 2019 nasdaq diary movement and this move shows to us the uptrend we suffered in 1 year and this short downtrend in this week can easily be a return to the 200 EMA, respecting the first step in Fibonacci retracement marked in the 103 value for Nasdaq
Despite all the fear in VIX index, I cant understand the downtrend move of this week like a initial bear market, because, respecting Fibonacci and the value numbers of all this uptrend since the beginner of 2019.
I can accept the downtrend and the bear market after the Nasdaq lost the 200 average and, cumulatively, the ultimate Fibonacci level.
All this move and this fear of covid-19, without confirmation of his impact in the world economic is only conjectures and fear
Despite the covid-19 fear and its future impact in the economic, speaking only looking for the graph – and I like decide my investment position looking the graph after a deep analysis in the economic news and traders position – we can see that devaluation in Nasdaq and the SP500 as normal movement. Let me explain better
In the graph we can see the 2019 nasdaq diary movement and this move shows to us the uptrend we suffered in 1 year and this short downtrend in this week can easily be a return to the 200 EMA, respecting the first step in Fibonacci retracement marked in the 103 value for Nasdaq
Despite all the fear in VIX index, I cant understand the downtrend move of this week like a initial bear market, because, respecting Fibonacci and the value numbers of all this uptrend since the beginner of 2019.
I can accept the downtrend and the bear market after the Nasdaq lost the 200 average and, cumulatively, the ultimate Fibonacci level.
All this move and this fear of covid-19, without confirmation of his impact in the world economic is only conjectures and fear