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Technical Analysis: Does the Nasdaq Need a Pause?
David Russell
February 3, 2023
Stocks | Technical Analysis

The Nasdaq-100 has been running as investors flock back to growth stocks. But is it time for a pause?

The index has gained each of the five weeks so far this year — its longest winning streak since November 2021.

Speaking of November 2021, the Relative Strength Index (RSI) ended yesterday at …

For more, please click here to view the related idea and chart analysis on TradingView.

Nasdaq-100, daily chart with selected patterns and indicators, courtesy of TradingView.

About the author

David Russell
David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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