2020-09-18

Nasdaq Reversion Getting Mean

Back on August 30 I posted these charts of the Nasdaq breaking away from its Bollinger bands. The only other time that happened to this degree was at the 2000 peak. This time, the market topped 3 trading days later. I don't know if this is the top top. It certaintly could be. Even if not, the conditions that push the Nasdaq to new highs would be far better for natural resource sectors.

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