Today’s Chart of the Day was shared by Shane Murphy (@murphycharts). It’s a daily candlestick chart of the Nasdaq 100 over the past nine months. The Nasdaq rebounded 7.45% this week, marking its third-best week in the past year. It closed above the May lows, which is a positive development in the near term. However, the index is still down more than 26% from its highs, and there’s a lot of overhead supply to work through. The next objective will be to see if the Nasdaq can reclaim the March lows, around 13,000.
Chart of the Day - Friday, June 24th, 2022
June 24, 2022
