Nasdaq (NDX) | Gives Additional Signals

23 feb 2022

We know that the DJI, SPX and NDX all move together but in some cases the signals are stronger or easier to read in one index than in the others.

Just as it happens with Cardano (ADA), Bitcoin (BTC) and Ethereum (ETH).

Cardano and Ethereum can give out more information when Bitcoin is not easy to read.

The SPX or DJI can be giving us confusing signals, so looking at the NDX can help clear things up.


Nasdaq Daily Chart Analysis

All the details are on the chart.
We are looking at the candles and indicators on this one.

We have the bearish breakdown, bearish continuation and break of support.

While the MACD is already below zero we also have the bearish cross:

The RSI is trending lower at 32 with plenty of room available for additional drop.

Namaste.