My chart plots weekly performance of NAS100 vs SPX500.
Despite the drop last week NAS100 still looks overbought relative to SPX500. Furthermore, last week's candle formed a doji. A much deeper correction is definitely possible in NAS100.
Despite the drop last week NAS100 still looks overbought relative to SPX500. Furthermore, last week's candle formed a doji. A much deeper correction is definitely possible in NAS100.
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Related publications
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.