If we look at the past RSI divergences and see how they played out. I would contend that from this point we are at now from a TECHNICAL perspective, there is ZERO reason to be long the Nasdaq or tech right now. We can see that every time these divergences formed we had a substantial pullback.
Take a look at that purple divergence and then the light blue divergence. Whenever we have had both in conjunction, a pullback of around 20%+ happens. If we just have a light blue, we get a 8% pullback. I would venture to say that this next pullback will take us to the 200 area.
-Sherem
Take a look at that purple divergence and then the light blue divergence. Whenever we have had both in conjunction, a pullback of around 20%+ happens. If we just have a light blue, we get a 8% pullback. I would venture to say that this next pullback will take us to the 200 area.
-Sherem
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.