Nasdaq shares similar chart patterns to SPX

5 Ağu 2023

This chart of the Nasdaq Composite [Not the Nasdaq 100], has similar pattern to the S&P which tells the story of the overlapping composition in the indices especially within the Info Tech sector. Measured using anchors from late June to the highs made recently we appear to be trading just above the halfback and clearly above Fib 61.8 and 78.6 lines.