Nasdaq 100: Investors buying the dip
After the biggest correction since March 2020, investors are buying the dip on the main indices. Nasdaq 100 is the best US index in terms of long-term performance and drawdown. We are in oversold territory in all the main indicators such as the RSI, MACD... We are not safe yet, and a bigger correction may occur. If we lose the support line of this week (13700), we will see another -15%. Care with volume during uncertain times with the Russian-Ukraine crisis and the upcoming interest rates hikes.
More videos on Trading HT: youtube.com/@trading_HT
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.