NDTH looking for some relief
The NDTH is a chart of the percentage of Nasdaq 100 stocks that are above their 200-day moving average.
This chart, although looks like driven by fundamentals - has created perfect tops and bottoms to be able to chart it. We have re-touched the bottom on the midterm and value is still withing this descending channel - but all looks like in favor of some relief by breaking out to the upside. More companies from NASDAQ index could go above their 200-day ma before going finally down again.
This chart, although looks like driven by fundamentals - has created perfect tops and bottoms to be able to chart it. We have re-touched the bottom on the midterm and value is still withing this descending channel - but all looks like in favor of some relief by breaking out to the upside. More companies from NASDAQ index could go above their 200-day ma before going finally down again.