I guess it makes sense in some ways, but BitCoin being the currency that it is shouldn't really have such a trend correlation with the Nasdaq 100/$QQQ/$NDX
Because of the volatility of BitCoin and the spikes (up and down) being so vastly greater than that of the $NDX, the way they move together isn't necessarily obvious to see...I drew some lines to show some of...
NQ sits above long term channel resistance, and is likely to fall back into the channel this week given the pressure on NQ's weekly RSI, Stochastics and MACD which are rolling over from recent tops. High momentum names like Netflix (NFLX) and Tesla (TSLA) continue leading the topping process on NQ, anticipating the end of US QE in October. Visit goo.gl for...
