You must have noticed that there has been an incredibly ascending pattern since March when everyone saw this huge drop due to COVID 19. So, before that the NASDAQ was trading just under 10,000 and because of the global pandemic and wrong close to about 32% down to 66.77 right around that level and since then it has done an incredible job recovering the majority of those losses a recovering over 56% was even higher at around 63 to 64% at around 10,834.
It has pulled back since which we will go over on the one hour in the five-minute chart so if you were to look at where the NASDAQ index (IDXNASDAQ: IXIC at https://www.webull.com/quote/idxnasdaq-ixic) sits on the year on the month you can see that on the week it’s down close to 1.33% on the market still up over 4 1/2%. The last three months it’s …
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