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| NASDAQ 100 Review |
The majority, an emotionally driven group focused solely on price, often interprets it as meaningful information. This leads to confusion, frustration, missed opportunities, and leaves the majority as the bag holders of trend transitions. The Evolution of the Trade helps investors stand separate from the majority.
The Nasdaq 100's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Subscriber Comments
Today's review discusses growing bearishness for stocks and the Nasdaq 100. This is not something we're eyeballing for social media. The distribution of futures and options contracts between the various players suggests accumulation over the past few weeks. This tends to happen if the public is turning bearish and selling.
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People believe what they want to see. This phrase is important to understanding the majority, we repeat it often on Insights.
The stock bears have called for a top in equities recently. These calls range from Wall Street investment houses to social media.
Here's one example.
Despite the recent advance, my studies suggest that NASDAQ futures recorded an important top on March 21 @ 18,708. #NASDAQ pic.twitter.com/jFKIFdO2XF
— Dave Reiter (@TradesByDave) May 6, 2024
The point is, as always, objectivity. The bears will crawl under a rock, delete posts, or claim amnesia if the trend remains higher.
Follow me on 𝕏 or Facebook for further discussion.
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The Matrix provides market-driven trend, cycles, and intermarket analysis.
