The Nasdaq long term chart caught my eye the other day:
One to keep a close eye on IMO and will have some dramatic impact / resulting trades one way or the other.
The Nasdaq has tested and broken previous highs (from the 2001 tech bubble) a couple of times, and IMO is now looking towards blue sky territory. The current level will now act as support. My view is contrary to most of what is portrayed in the media - they are predicting a crash.
This is the Nasdaq (blue) compared to the XJO since 1998.
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