Nasdaq Gets Extended
Source: SeekingAlpha
2026-05-15 20:35:00 ET
The sharp rally off of the March 30th low has seen the Nasdaq climb 25.9%. Back at the time of the low, the Nasdaq was extremely oversold, trading 2.85 standard deviations below its 50-DMA. In percentage terms, the Nasdaq was down 8.4% below that same moving average, which was a lot, but far from any sort of record-setting reading....
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Nasdaq Gets Extended
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
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