
QUAD WITCHING DRIVING AI STOCKS INCLUDING NVIDIA HIGHER, MORE ONE MONTH LOWS THAN HIGHS IN NASDAQ
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Deteriorating Internals Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows that Nasdaq 100 is way overextended above the support zone. Overextended markets work only as long as momentum stays high. If momentum stops, the market tends to pullback. The chart shows that the volume is low as the market drives higher. This indicates lack of conviction. RSI on the chart shows Nasdaq 100 is very overbought. Risk and reward are two sides of the