Sharing some thoughts on what's driving Nasdaq 100 price. Simple answer is Capital, but what can we see on chart?
March 2020 was a volume epicenter, it's significant enough to be called a starting point. Since then, price was on the rise, but volume peaked lower and lower, especially on market sell-offs.
The colored fan is projecting sentiment on market and economy. As price increase starts to slow, we're entering new zone of less positive sentiment. But anything can happen, and we might repeat a similar pattern as in summer of 2019.
Let me know what you think and let's see what happens.
Volume for the NQ has been shifting over to the MNQ (Micro-NQ) contract since it's inception in May 2019.
CarpeMomentum
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nice idea...my sentiment we will enter the red zone...and maybe even lower...if the central bank manage to administer everything negative away with more fiat then maybe we can hang on to this illusion for some more years...however the Covid-19 measures impact is yet to bubble up...we shall see