NQ Q50's were smoked, these provide a good leading indicator for how we
can project an implied range for NQ Q100 GI - the Total correction for the Total decline
will mirror NNR as it has in the past many times.
The NASDAQ-100 Notional Net Total Return Index demonstrates the Breadth
imbalances peaking at 18.8K while turning a low near 16.4K.
This suggests as the Mega Cpa 711s begin to fade, the Q100 will close the Gap as the
lower 50% of the NQ have been severely beaten down. Over time the spread will tighten.
_____________________________________________________________________________
can project an implied range for NQ Q100 GI - the Total correction for the Total decline
will mirror NNR as it has in the past many times.
The NASDAQ-100 Notional Net Total Return Index demonstrates the Breadth
imbalances peaking at 18.8K while turning a low near 16.4K.
This suggests as the Mega Cpa 711s begin to fade, the Q100 will close the Gap as the
lower 50% of the NQ have been severely beaten down. Over time the spread will tighten.
_____________________________________________________________________________
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.