On a recent IBD Investing podcast, Irusha Peiris and David Ryan walked through a number of clues that may indicate we are heading into a correction. The chart of QQQ was used as many of recent leaders can be found in the Nasdaq 100.
I annotated a chart of the key points and added some additional notes as it relates to the moving averages and RS Line.
It’s important to note, these same principles apply regardless of the index, so I’d recommend keeping this information handy for future reference.
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