The NASDAQ market is showing signs of an overbought reversal, and is setting up to potentially retrace after a confirmed break of support, based on RSI and MACD.
"but kind of an overbought reversal forming right and if you look at yesterday's highs uh that was right around 615 we did hit highs of 616 today but kind of forming an overbought reversal looking at the RSI looking at the MACD it's setting up for an overbought reversal we'll see if we get confirmation of a break of support and maybe we'll begin to retrace"
