Nasdaq Correction Coming?
With most of the FAANG equities holding a sell rating from analysts at the moment, there is no reason to believe that we will go higher from this point. Expect to see a correction back down into the correction zone to cover shorts and switch to long positions.
Trade active
Semi-conductors that have led the rally are also pulling back, which further supports our theory of this correction down.Note
Shorted at 5670 Covered at market close at 5589.
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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.