The Nasdaq indice is in a large sell-off as shown by the huge tank on the monthly timeframe. The monthly candle itself is ridiculously humongous and i wouldn't advise anyone to be taking any buy positions on this index. However, on the 4-Hour timeframe, the price seems to be moving in a downtrend too, with small corrections to the upside. The RSI indicator is...
Every week US indices set record highs. In reality, nothing happens. Only the fact that Wall Street asset managers in banks very optimistic. Most likely they have a lot of cocaine:)