“US Stock Market - S&P 500 SPX NDX & RUT Price Projections & Cycle Timing”
Nasdaq index shows relative strength vs other indices; potential early bottom formed, entering next upward phase.
So, we said there was a potential bottom here when the market hit that low level, but the Nasdaq fell even further at that time.
Let's look at the Nasdaq index next. And this is the Nasdaq here, you can see it, look, this is what I'm talking about. The Nasdaq performed much worse earlier, then took this form where it bounces back and doesn't lose much ground.