Indice Nasdaq 100Short
The past 3 weeks..!
In the past 3 weeks, Nasdaq 100 has lost 11.53% of its value!
At the first glance, it may seem normal after such a long bullish rally, but I asked myself:
Could this be considered normal for Nasdaq 100?
Did this happen before?
To answer this question I change the time frame to 3 weeks and wrote a simple script to flag the candles with equal or more negative closures!
As you can see, there were 20 times in the past 40 years that Nasdaq 100 experienced a correction as big as -11.53% in 3 weeks!
11 times during .com bubble
3 times during 2008 market crash
and 5 other sporadic times:
December 2018
August 2011
June 1990
and...
The big question is now this phenomenon is going to be sporadic or will be followed by more red flags?
In the lower charts, You can see what could happen if this is not the end of the story.
What do you think?
The author has no long position at the time of writing this article!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
At the first glance, it may seem normal after such a long bullish rally, but I asked myself:
Could this be considered normal for Nasdaq 100?
Did this happen before?
To answer this question I change the time frame to 3 weeks and wrote a simple script to flag the candles with equal or more negative closures!
As you can see, there were 20 times in the past 40 years that Nasdaq 100 experienced a correction as big as -11.53% in 3 weeks!
11 times during .com bubble
3 times during 2008 market crash
and 5 other sporadic times:
December 2018
August 2011
June 1990
and...
The big question is now this phenomenon is going to be sporadic or will be followed by more red flags?
In the lower charts, You can see what could happen if this is not the end of the story.
What do you think?
The author has no long position at the time of writing this article!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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