Well I went back and marked every time since 2012 that it distributed for months. 7 out of 9 resolved up. The remaining 2 were followed by a significant correction. Not saying we won't drop here, just saying statistically you shouldn't be using sideways distribution as your reason for why you think it's gonna drop.
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"NASDAQ looks like a distribution top"
Well I went back and marked every time since 2012 that it distributed for months. 7 out of 9 resolved up. The remaining 2 were followed by a significant correction.
Not saying we won't drop here, just saying statistically you shouldn't be using sideways distribution as your reason for why you think it's gonna drop.