Macro Musings by Danny D

Macro Musings by Danny D

Trades, Charts and Random Thoughts

Quick NDX Techs

Danny Dayan's avatar
Danny Dayan
Jun 21, 2024
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Always hard to use techs on parabolic rises where we are hitting new ATHs every week as we have no reference point. If a possible top or mini top is in, we now do.

It ultimately comes down to growth data. If the FCI loop is intact, economy rebounds and this dip gets bought heavily at 19k or even earlier. If the data continues to soften, then this index has a lot of room to fall. Bad news is bad news again.

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