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home / news releases / party like it s 1999 short the qqq


UBOT - Party Like It's 1999: Short The QQQ

The market is currently near-maximum greed levels. The tech sector is seeing this more so than other sectors, and, in this sector, we are seeing RSI levels similar to those during the dot-com bubble. Optimism in tech is higher than ever in history, with the exception of the peak of the 2000 tech bubble.

However, most tech stocks are beginning to see strong resistance levels. The inflows of capital into funds have helped push everything up, but for how long? Whether this rally continues relies on that inflow to continue; if it does not, we

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Stock Information

Company Name: Direxion Daily Robotics Artificial Intelligence & Automation Index Bull 3X Shares
Stock Symbol: UBOT
Market: NYSE

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