Want to know what will happen next? Check out the QQQ chart back to 1999-2000 when Nasdaq made the top in March 2000. It was a scary drop near -80% for the Nasdaq index in the next 12-15 months for the dot com bubbles.
Today's intra-day rebound was very similar to April 4, 2020. (please check by yourself)
Then, it was a three-day rebound, death-cross (20-50 day-moving-average). Finally, a strong 5-days sell-off touched the 200 day-moving-average.
Today's intra-day rebound was very similar to April 4, 2020. (please check by yourself)
Then, it was a three-day rebound, death-cross (20-50 day-moving-average). Finally, a strong 5-days sell-off touched the 200 day-moving-average.
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Comment: I mean April 4, 2000 inra-day reversal. April 5-7, 2000 three days rebound, April 10-14, 2000 5 days strong sell-off (4500-3300 or -7%)