Market Review and Trends
Nasdaq – Neckline Broken!?!?
By Making Cents N Sense  •  March 5, 2021
From a technical point of view, we always look at the chart based on patterns and numbers. Basically we look at it from a mathematical point of view based on historical data. I always time my trades based on the index so things like interest rates, news, earnings etc. that stuff usually doesn't spook me. (Disclaimer, except for GME. I went into that without logic lol) Writing always helps me to keep my thoughts in check and it really helps me to keep my emotions at bay. Sometimes ranting a little but thats how it is. Lets look at the white line. (Chart above) This white line is a trend line from the March 2020 crash and as of yesterday, we broke this trend line. This white line can somewhat be used as a "longer term" indicator as we are using it as a source of reference based on yearly data....
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By Making Cents N Sense
Thank you for taking the time to visit. This blog acts as a diary for me to understand my investment decisions better as well as to reflect on what I've done well as an investor.
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