The Bullish Percent Indexes are market breadth indicators based on point & figure charts. Today we'll share the Bullish Percent Index for the Nasdaq 100, and show how a recent bearish signal is similar to previous pullbacks in 2023 and 2022.
What's the downside risk for the QQQ if market leaders like MSFT and AAPL continue their downward slide?
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.