Nasdaq equal weight vs Nasdaq
Here is a multi year downtrend of the NDXE/
NDX (log chart). It flipped the 50 week MA as support and closed last week above the downtrend line. This could suggest a relief rally in tech or a slowdown in FATMANG (FB, AAPL, TSLA, MSFT, AMZN, NVDA, GOOG). I favor the former.
NDX (log chart). It flipped the 50 week MA as support and closed last week above the downtrend line. This could suggest a relief rally in tech or a slowdown in FATMANG (FB, AAPL, TSLA, MSFT, AMZN, NVDA, GOOG). I favor the former.
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