S&P Fails At The 50 DMA, AMZN SBUX SMCI Earnings
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The consensus narrative is that the correction over the last month has
ended as the S&P has bounced over the last week. But the S&P has still
failed to sur...
2022-07-27
That Nasdaq Top
I wanted to look at the Nasdaq 100 (NQ) potential top unfolding. If the rally could get to 25 percent, which I sort of doubt happens here, but lets say it gets there by August. It sets up a symmetric top with a left and right shoulder forming about 9 months from the top. If the market achieved the measured moved down, it would be a 37 percent drop from the neckline and 45 percent from the 25 percent rally line. Something for the bears to remember in case the rally goes on into August...
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