Analysis

Chart of the day: Nasdaq composite

Today's chart of the day is not to call a top, but to bring awareness to where we are at. This resistance may end up being significant this week since it is the 161% "Golden Fibonacci" ratio from the post Covid-19 selloff. RSI is overbought, but not divergent (which is an important fact). What that means is this market is bullish and dips should find buyers. Picking a top in the market has been a fool's game, however the market will find a resistance level at some point, so it is important to point out a milestone like this as they come up. 

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