The Nasdaq Just Won't QQQuit
Really not.
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Doesn't Know When Its Beaten
Right now the Nasdaq is making like a top athlete. To quote Martina Navratilova, the index has been "winning for so long, it has forgotten how to lose". Liquidity sucked out of the system by new Treasury issuance? No problem. China GDP undershot? Pshaw. Lead-sheathed telecom cables poisoning half of North America? Nothing to see here - move along!
Markets don’t, however, only go up. So we turn to our usual charts to judge where we may go next, and when. As usual this post is for our Premium and Pro members only - if you’d like to join up you can do so below.