IXIC (Nasdaq)

Price is too Overbought right now and below I'll try to convey my thoughts.


Nasdaq never extends more than 5-6% from its 21ema before a significant sell off .
The 21ema the white line

Let's start with Nasdaq rally from March 2020 lows unt Sept 2020




March 2022


August 2022


Feb 2023


June 2023



Also weekly candle is forming a hangman while completely outside Bollinger band.
After this aapl event this week I expect a pullback to Daily 21ema minimum.