NDX SELL-OFF COULD BE GENERATED BY THE ICHIMOKU LAGGING SPAN GOING AGAINST PIVOT RESISTANCE, AT ALL TIME HIGH, WHILE LOW VOLUMES WITH THE TRENDLINE DRIFTING FLATTENING DO FORESEE SUDDEN SELL-OFF WITH SPIKES IN VOLUMES. OTHER OSCILLATORS AS RSI AND STOCHASTIC RSI DO READ CLEARLY AN OVERBOUGHT MARKET. ON A NONTECHNICAL POINT, THE BANNING OF SOME CHINESE COMPANIES FOR BEING LISTED ON U.S.MARKETS COULD PROVE TO BE CHALLENGING FOR PORTFOLIO MANAGERS AND THEIR TECH STOCKS ALLOCATION
13 thoughts on “POSSIBLE PULLBACK SCENARIO FOR THE NASDAQ100 INDEX”
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