Checking the Monthly DPO chart of 
NDX, it is important to be prepared for the risk of a correction soon after earnings season ends OR as the final week or so of reports come in. Often, the weakest reports are toward the end as there are aging technologies among these.
Corrections are necessary for a long-term uptrend to sustain.
Notice that there is more room to move up to the previous cycle peak of 2021. This new cycle peak can go higher as corporations continue to increase their revenues and earnings this year.
Also note that the extreme angle of ascent of the trend in 1998-2000 is far more severe than what has formed so far in this new bull market.
NDX, it is important to be prepared for the risk of a correction soon after earnings season ends OR as the final week or so of reports come in. Often, the weakest reports are toward the end as there are aging technologies among these. Corrections are necessary for a long-term uptrend to sustain.
Notice that there is more room to move up to the previous cycle peak of 2021. This new cycle peak can go higher as corporations continue to increase their revenues and earnings this year.
Also note that the extreme angle of ascent of the trend in 1998-2000 is far more severe than what has formed so far in this new bull market.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Martha Stokes, CMT
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
Chartered Market Technician
Co-founder, CEO & Head Instructor at TechniTrader
Learn more at the TechniTrader Learning Center: ttrader.im/learning-center
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.