1. The -2 level of the Z-Score was a great buying zone during the dot-com bubble and GFC. 2. The market bottom that occurred in the 2022-2023 rate hike cycle also occurred at the -2 level. 3. In the upcoming winter (recession), the Z-score will touch the -2 level again, which will be a buy zone for wave 5 of the NDX.
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.