Nasdq 100 Index - Bullish Frenzy
by Timothy Straiton
Wednesday 5th February 2020
Current level is 9334, trading at an alltime high with the price 13.64 percent above the 40 week moving average, which is also a record. The 14 week relative strength index is now at 77.25 percent and therefore well into in overbought territory. It is difficult to fathom how far and how long this hysteria will continue, but when the reversal comes, it is likely to be just as violent as the current bull run.
Charts courtesy of