Nasdaq 100 overbought? Here’s what history says about the current rally
3 min readJun 26, 2024
Market Discussion
Watch the free-preview video below extracted from the WLGC session before the market opens on 25 Jun 2024 to find out the following:
- What it means for the Nasdaq 100 to be in an extremely overbought condition and how to identify these levels.
- How the current Nasdaq 100 rally compare to previous rallies in terms of momentum, volume, and duration?
- Key indicators that signal potential pullbacks or reversals in the market, and what traders should look out for.
- What historical patterns can traders look for to anticipate the next move in the Nasdaq 100.
- And a lot more…
Market Environment
The bullish vs. bearish setup is 266 to 137 from the screenshot of my stock screener below.
Heavy profit-taking was spotted on 20 Jun 2024 in Nasdaq 100, especially the semiconductor industry group SMH as posted last week in Substack Note…
