Unprecedented market move

In recent years I can't find a more parabolic up move, crazy enough, technically it has room to keep the ball rolling.

Amazing October, that's for sure, wonder if Black Friday and Xmas will be bearish, hah!

 

Nothing parabolic about it. Just an uptrend with swings. The top is near (always)

 

Talking about last two weeks upside, you cant find similar bars inside that channel, they were the fastest most furious up move of the structure.

 

You should look at other indices outside of the Nasdaq Tech Index. There are others more impressive price movements...UP and DOWN.

 

Im sure but Nasdaq is my baby

 

Check the Russell 2000. Recently it reverses down before the NDX does.


chart courtesy of marketvolume.com