NDX Monthly Chart - It is a significant warning
The monthly chart for $NASDAQ 100(NDX)$ presents a gravestone candle with high volume validating the warning, RSI is above 70. Previous occurrences are highlighted:
November 2021: An Early Warning followed by another indecision candle, 2022 followed.
February 2021: Followed by a healthy -5.3% pullback from the close of the warning candle, or -12% if you take the high of the gravestone candle to the low in March.
February 2020: The COVID crash, a -30% from the high to the bottom in March.
September 2018: Not highlighted since the candle is not a gravestone, but the doji with RSI at 81 was the warning for the -23% bear market in 2018.
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- KSR·01-05 10:18👍LikeReport