Skip to main content

Super Rare Island Top On The NASDAQ Index Yesterday

To all chartists and technicians, we were presented with a very unusual Island Top on the NASDAQ Index today. This is a rare find on a major index and typically identifies a short term bearish move. This technical observation is supported by an increased amount of trading as shown in the volume blue bar chart. Expect further downside ahead...

NASDAQ Island Top
 

Data by Bloomberg, compiled by LAMP Capital