US Market: Friendly Reminder

A friendly reminder to the bears.  Though what is going on in the markets seems awful and indeed could be signaling macro changes to come, the US stock market is not broken, technically.

Indeed, the Nasdaq 100 has not even reached our projection for a ‘healthy’ correction yet.  It has not even reached the 1st supportive moving average.

Click to expand the chart.

ndx

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH.

Gary

NFTRH.com