Want to know what will happen next? Check out the QQQ chart back to 1999-2000 when Nasdaq made the top in March 2000. It was a scary drop near -80% for the Nasdaq index in the next 12-15 months for the dot com bubbles.
Today's intra-day rebound was very similar to April 4, 2020. (please check by yourself)
Then, it was a three-day rebound, death-cross (20-50 day-moving-average). Finally, a strong 5-days sell-off touched the 200 day-moving-average.
Today's intra-day rebound was very similar to April 4, 2020. (please check by yourself)
Then, it was a three-day rebound, death-cross (20-50 day-moving-average). Finally, a strong 5-days sell-off touched the 200 day-moving-average.
Note
Comment: I mean April 4, 2000 inra-day reversal. April 5-7, 2000 three days rebound, April 10-14, 2000 5 days strong sell-off (4500-3300 or -7%)Disclaimer
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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.