My chart plots weekly performance of NAS100 vs SPX500.
NAS100 has beaten SPX500 by 2.5% all in one week. In the past, sharp weekly moves like this were followed by a retrace. The attraction of retrace is 8EMA. Therefore expecting some weakness into end of month, which should set up a good buying opportunity.
NAS100 has beaten SPX500 by 2.5% all in one week. In the past, sharp weekly moves like this were followed by a retrace. The attraction of retrace is 8EMA. Therefore expecting some weakness into end of month, which should set up a good buying opportunity.
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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.