Nasdaq has approached the EMA200 and there is a slight rebound. This has only happened in 2018 and 2020 in the past 15 years.
There has also been a 7 week losing streak before this has happened.
Current global concerns that prevent upside are
1) Ukraine and russia war
2) Rising inflation
3) China lock down
Once one or more of the factors are removed, markets are likely to rally
It is time to monitor for a larger rebound now in my opinion. Look out for bullish divergence before purchasing more stocks. I am personally buying some stocks at small volume at this price point
Good luck everyone!
There has also been a 7 week losing streak before this has happened.
Current global concerns that prevent upside are
1) Ukraine and russia war
2) Rising inflation
3) China lock down
Once one or more of the factors are removed, markets are likely to rally
It is time to monitor for a larger rebound now in my opinion. Look out for bullish divergence before purchasing more stocks. I am personally buying some stocks at small volume at this price point
Good luck everyone!
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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.
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.