Hi,
I love using ratios. Great tool to explore if something is overvalued or undervalued.
All know what QQQ is.
NDTH is Nasdaq stocks percent that are above 200 day average
QQQ/NDTH shows you if market is excited or scared.
At the moment people are FOMOing which is never a good sign.
I will act as per diagonal line. Will update when this is above 18. Thats propably where I will buy again.
You may apply same to SPX/S5TH for SP500
Long story short,
I expect Nasdaq to drop.
I love using ratios. Great tool to explore if something is overvalued or undervalued.
All know what QQQ is.
NDTH is Nasdaq stocks percent that are above 200 day average
QQQ/NDTH shows you if market is excited or scared.
At the moment people are FOMOing which is never a good sign.
I will act as per diagonal line. Will update when this is above 18. Thats propably where I will buy again.
You may apply same to SPX/S5TH for SP500
Long story short,
I expect Nasdaq to drop.
註釋
Nasdaq in the meantime
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。