Chart of the Week: Nasdaq Gap Ups / AAII Sentiment

Long term Nasdaq chart is still rangebound. But the Nasdaq
“gap ups” as a percentage of all gaps remains bullish.

Nasdaq Gap Ups / AAII Sentiment

Gaps_sentiment_nasdaq

Source: Technimentals

Meanwhile, AAII sentiment is strong without being
excessively so. This needs to go much higher to give a bearish signal.

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