Nasdaq equal weight vs NasdaqHere 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.
