I think the entire stock market is overbought. On average an economic recession occurs every 7 years, the last recession was in 2007/2008. 21 trillion of debt, massive stock buybacks...
A lot of people make this point and yes it is valid on average. I believe the Nasdaq is overbought above 80 RSI from a TA point of view. This entire explanation could be 1,000 pages towards a book. I don't know when it will pop but I wouldn't buy any stock at this point. Do as you please and tread carefully
A lot of people make this point and yes it is valid on average. I believe the Nasdaq is overbought above 80 RSI from a TA point of view. This entire explanation could be 1,000 pages towards a book. I don't know when it will pop but I wouldn't buy any stock at this point. Do as you please and tread carefully
Note
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Still remain bearish. Would not buy anywhere in these channels
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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.