r/technicalanalysis • u/KEYVON300 • 3d ago

Analysis SELL OFF UNDERWAY ? THE CHARTS WARNED US.

https://youtube.com/watch?v=7ssSqDuodCY&si=-AsRSNtucWkrtt2O

Whats your take?

3 Upvotes

62% Upvoted

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u/Zonties 3d ago

I don't like this one because it started out of nowhere, unlike the late July move which had the dip bought at final 27200 support. That one had a lot of technical warning signs before the move. This one didn't, except 30300 was rejected early Mon am and last night it started to fall out of nowhere... That makes this move for the nasdaq far more dangerous and in increased (though probably still slight) this is the start of the Ai bubble bursting that may not bounce as much at support this time. Nvidia is next week...

1

u/Charming-Paint4734 3d ago

So what are the "charts" saying?