Tech Watch

This is an update on my FANMAG study. For all of the headlines in the media in 2017 about the tech wreck, the NASDAQ index weekly never even closed below supertrend for the whole year. The current NASDAQ price is 25% above the monthly kijun sen. There will be a mean reversion at some point. There is no use in trying to say when that will be. You first have to look for a weekly close below supertrend and then look for the confirmed weekly reversal. I will be showing this as it unfolds. It is going to be very interesting to see how this plays out.

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