Is Tech and the QQQ Over Bought?

Fed meeting Tuesday and Wednesday

According to the NASDAQ 100 Bullish Index we are getting to a over bought status. This is a monthly chart. Right now 44.94% of the NASDAQ 100 is above its 200 day moving average.

Curious 👀 to see where this week ends up. Could we see another 3-6% higher before the Federal Reserve press conference on Wednesday and then a drop towards $257 in the QQQ’s?

Live Loud!

Trent

Disclaimer

This is not advise or a recommendation.