NASDAQ, the leading index pattern recognition

٣ أغسطس ٢٠٢٠

I just had a thought about the Nasdaq long term chart, and its behavior. Noticed an interesting phenomena, and then mapped it out. Apparently, the Nasdaq has a consistent limited rally span, over the years, with an increasingly compressed time frame. This round, it might have overextended, and surely looks parabolic.

I wonder... do you?