Nasdaq Bottom?
Updated
As the announcement of Russian military operation to Ukraine began, it sent global stock market to plunge almost immediately and Gold price to rise. We have not seen Nasdaq over 20% correction since the Covid-19 crash.
Today as the market open we can see the buying pressure almost immediately and in my personal opinion this could potentially a V-share rebound that will retest all time high.
The AAII Sentiment Index For Stocks has shown up the peak, meaning it's showing the extreme fear of sentiment. What does this mean? I believe this present the opportunity for buying fundamentally great company within Nasdaq.
History on our side!
Today as the market open we can see the buying pressure almost immediately and in my personal opinion this could potentially a V-share rebound that will retest all time high.
The AAII Sentiment Index For Stocks has shown up the peak, meaning it's showing the extreme fear of sentiment. What does this mean? I believe this present the opportunity for buying fundamentally great company within Nasdaq.
History on our side!
Note
Impulsive rebound to form W-pattern looks promising to call it bottom.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.