My chart plots weekly performance of NAS100 vs SPX500.
NAS100 has beaten SPX500 by 2.5% all in one week. In the past, sharp weekly moves like this were followed by a retrace. The attraction of retrace is 8EMA. Therefore expecting some weakness into end of month, which should set up a good buying opportunity.
NAS100 has beaten SPX500 by 2.5% all in one week. In the past, sharp weekly moves like this were followed by a retrace. The attraction of retrace is 8EMA. Therefore expecting some weakness into end of month, which should set up a good buying opportunity.
