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Technical Analysis: Does the Nasdaq Need a Pause?

By

David Russell

-

February 3, 2023

8

The Nasdaq-100 has been running as investors flock back to growth stocks. But is it time for a pause?

The index has gained each of the five weeks so far this year — its longest winning streak since November 2021.

Speaking of November 2021, the Relative Strength Index (RSI) ended yesterday at …

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Nasdaq-100, *daily chart with selected patterns and indicators, courtesy of TradingView*.

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