From peak to trough, the
NQ1!
-- Nasdaq Futures -- saw a 32% correction. We're at 29.9% right now.
Back in 2020, it took just six weeks to flush the market down to some level of support & demand, which coincided with the 200-week moving average.
For this correction, it took significantly longer -- six months and we don't necessarily have the return of demand...yet. Will it come at the 200-week again? It's at least one area to keep an eye on IMO.
Back in 2020, it took just six weeks to flush the market down to some level of support & demand, which coincided with the 200-week moving average.
For this correction, it took significantly longer -- six months and we don't necessarily have the return of demand...yet. Will it come at the 200-week again? It's at least one area to keep an eye on IMO.