Technical Analysis

The Nasdaq has the best day going back to 2020

NASDAQ has its best percentage gain since 2020

As a point of reference, the post Covid largest percentage gain was 4.06%. Given that the market was in a huge bull market from 2020 to the 2021 highs, the % gain today is quite impressive. Needless to say, investors piled in.

In an earlier post, I spoke to how the S&P index was moving above its 100 day moving average. That was a bullish tilt technically.

For the NASDAQ index, it’s 100 day average is still a good bit away at 11514.65. Getting above the moving average is needed to increase the bullish bias from a technical perspective on the daily chart for the tech heavy Nasdaq index.

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