Been tracking this one for weeks now as we've formed a bottom and reclaimed support.
We think across markets, we're seeing a macro shift away from speculative tech and towards value.
SXXP (European SPX) could be forming a bottom vs SPX as well.
What this over performance could look like remains to be seen. Could be more defensive in a downward move or if we catch support, it could be over performance to the upside.
Regardless, the real message here is the shift away from US tech for the foreseeable future.
Finally breaking through to bull side RSI on the weekly and AO flipping bullish.
not touching NQ for a good while.
Something to note is the original support bottom on this chart was the Nov '21 top across markets and Jan '23 was market bottom.
We think across markets, we're seeing a macro shift away from speculative tech and towards value.
SXXP (European SPX) could be forming a bottom vs SPX as well.What this over performance could look like remains to be seen. Could be more defensive in a downward move or if we catch support, it could be over performance to the upside.
Regardless, the real message here is the shift away from US tech for the foreseeable future.
Finally breaking through to bull side RSI on the weekly and AO flipping bullish.
not touching NQ for a good while.
Something to note is the original support bottom on this chart was the Nov '21 top across markets and Jan '23 was market bottom.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.