NASDAQ remarkable chart

[HarryHindsight]

Felt inclined to share this chart.
When the level breaks, as one day it must, I think there may be fireworks on the downside... but who knows?

 

[Sergio77]

Looks quite bullish to me

 

[viktor_k67]

Agree that the long-term trend is bullish, however at this time NDX volatility is quite high. Plus, S&P 500 and DJI did not really had a correction like Russel 200 and Nasdaq 100. I would not be surprized to see deeper correction

 

[HarryHindsight]

Fully agree it looks bullish.
I mean... the market has been rallying for years now.

But eventually it surely must experience a large correction to the downside - and when traders are looking back at the daily charts asking themselves "where they should have gone short" - That level may be the price they focus on.