Nasdaq Quarterly Chart Is Still Bullish Nasdaq full blown recovery in April and May has cancelled out the losses from March.
By end of March, things can go anywhere, especially that it marks the end of Q1 2020. However, as it turns out, the coronavirus pandemic is not as bad as it seems (it is bad for people who don't take care of their health and immune systems/ and bad for people who fears death so much/but it is okay or normal for people who believes in hereafter and wants to leave good legacy on Earth, which is not the cases for most people especially in the finance industry). So, we had the recovery we needed.
Nasdaq HAS NOT recorded CONSEQUTIVES RED/BLACK candles since 2008 and also since 2000. That's the only time where it had these two massive red candles and then we are heading south.
Based on probabilities alone, we are UNLIKELY to see Nasdaq goes down below March low. So, it seems like the party will keep running and continuing.
The federal reserves is the biggest whales/sharks in the entire world. It is foolish to bet against them. Don't bet, just stay aside or do something else.
Regards.
