The Nasdaq 100 has closed above its 200-day moving average for 375 consecutive trading days, the 5th longest uptrend in history - please take a look at the table in the comments section. The last time the Nasdaq 100 closed below its 200-day moving average? March 2023. But now things are getting tight. Will the 200-day moving average serve as a technical support again (as it did in autumn and a couple of weeks ago)? Bergos AG #investing #markets #stockmarket #nasdaq Source: Creative Planning, YCharts
And of course you have to consider the following… the technical picture is just one input into any equity market view and other approaches (macro/micro fundamentals, sentiment analysis) may produce very different results.
So far, so good. The Nasdaq 100 closed at 19237 yesterday. Huge intraday reversal (low at 18532).
You leave us guessing Till, my view is US markets are in a long classic rounding/topping out phase, running out of gas.
Greed seems high. We’ll see how markets respond after the Fed announcement. Options are pricing in some mixed probabilities of doveish v hawkish.
Chief Investment Officer at Bergos AG
2 个月https://x.com/charliebilello