The beginning of a new Nasdaq purple patch?

Also, the Nasdaq 100 is in a patch where it’s trading 2.5 standard deviations below its weekly mean.

This is the 14th ‘patch’ in 20 years.

Note the circles in the chart below.

Of course, there is accompanied analysis required, although it bodes well for the beginning of a purple ‘circled’ patch.

March 13, 2022

by Rob Zdravevski

rob@karriasset.com.au