Maximilianned

Nasdaq - Where do we go from here

CME_MINI:NQ2!   E-mini Nasdaq-100 Futures
NQ1!

In December of 2018 the market stopped falling at the most traded price for the last 18 months.

I've drawn the most traded price in the last 18 months.

All we have is history to guide us - and the last time the NQ acted like this was 2000 - when the NQ lost 80% of its value. I would not suggest that happen again - don't think the powers that be they will let it.

Is this a blow off top? Well look at the RTY (Russell) which broke below trend this week and I think gives more honest an un-manipulated view of the overall markets.

If nothing else - I'm not sure how anyone can get long looking at this chart. Pull back the 200 MA would be healthy and would bring new buyers on board.









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