Nasdaq 100 Breaching the 200 DMA— first time since its last break out at the end of 2022.
RSI showing oversold levels. These have been BTD moments over the last 2 years—returning between 20 to almost 50% in its runs from trough to peak.
The corrections, excluding the latest 10% drop in the last 3 weeks, have been 7-13%, averaging -10%, and lasting between 26-102 days, with a median of 28 days.
Will this time be Business as Usual, or is there further to fall?
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Commented on The MasterCharts