NDX in bear market territory

G

GaryBtrader

The Nasdaq 100 index is down over 20% from its peak in November. On November 22nd it hit an intraday high of 16764.86. Today (Mar 7th) it closed at 13319.38. This is a drop of 20.55%. It has taken about 71 trading days to do this.

The last time it dropped more than 20% was back in March 2020 when it fell about 28% in 22 trading days. A very quick drop with a very quick recovery.

We'll see what happens this time....
 
It doesn't matter.
Because every day could be a good trading day.

anyway, I'd prefer to NQ to drop below 10000.00
Elderly folks cannot distinguish those digits.
NQ. please drop rapidly.
 
The NDX joins the Russell 2000 as a Bear market.

First the small cap bear cubs came out to play.

Now the larger cap mummy NDX bear has come out to join them.

Soon the big daddy S&P500 bear will come out of hibernation and finish off any remaining bulls

bear-beats-bull-down-chart-16.9-1.jpg
 
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