The percentage of stocks above the 5-day moving average hit 96% ⚠️
We have seen a cooldown every time the tech got this over-extended in a short period of time.
6 years of data on this chart suggest a meaningful pullback/correction is coming.
Simple yet very effective. This time it's going to be no different.
Image
QQQ 
NQ1! 
SPY 
NDFD
We have seen a cooldown every time the tech got this over-extended in a short period of time.
6 years of data on this chart suggest a meaningful pullback/correction is coming.
Simple yet very effective. This time it's going to be no different.
Image
QQQ NQ1! SPY NDFD 
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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.