Short to medium-term market breadth conditions have improved which may offset the potential overconcentration risk inherent in Nvidia.
The earlier lagged quality factor has now joined the positive momentum factor to support the ongoing medium-term bullish trends of the S&P 500, and Nasdaq 100.
Watch the key medium-term support of 19,240 on the Nasdaq 100.
This is a follow-up analysis of our prior report, “Nasdaq 100: Minor melt-up sequence may have hit a roadblock” published on 13 June 2024. Cl
20-06-2024 09:24 GMT
by Kelvin Wong