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Tuesday, 21 March 2017

DOW and NASDAQ to follow S&P down

The Dow, (here echoed in the DIA  ETF on the DOW 100, shown green), quickly followed the S&P, (here echoed in the SPV ETF on the S&P 500, shown blue), downwards, and then the NASDAQ (here echoed in the QQQ  ETF on the NASDAQ 100, shown blue), joined in the dip.

It is too soon to say if this is the beginning of a downtrend, (or just a temporary blip), but why not, since the indexes are overvalued?

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