Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Is 12-Year Tech-Bull Market Over? Watch This Shooting Star Pattern

By Chris KimbleStock MarketsMar 26, 2021 10:46AM ET
www.investing.com/analysis/is-12year-techbull-market-over-watch-this-shooting-star-pattern-200569731
Is 12-Year Tech-Bull Market Over? Watch This Shooting Star Pattern
By Chris Kimble   |  Mar 26, 2021 10:46AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

The trend for tech stocks remains strongly bullish. Did the NASDAQ Composite create a pattern last month that is worth keeping an eye on? Yes!

The NASDAQ Composite remains inside of this 12-year rising channel, as it has created higher lows and higher highs, which started in 2009.

Last month, the index looks to have created a sizeable “shooting star” pattern, at the top of the rising channel at (1).

Does a one-month bearish-reversal pattern suggest that the tech bull market is over? No.

If weakness would continue following the bearish shooting star pattern at the top of the long-term bull trend, it would send a caution message to the tech sector.

Is 12-Year Tech-Bull Market Over? Watch This Shooting Star Pattern
 

Related Articles

Is 12-Year Tech-Bull Market Over? Watch This Shooting Star Pattern

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (7)
AH Khan
AH Khan Mar 29, 2021 12:33AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Big turn around after asia close...european open...green green...earnings are coming next week....it will go up up up...
John Miller
John Miller Mar 28, 2021 6:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Better question, is the 40 bond bull market over? If so, are all the bull markets over?
John Miller
John Miller Mar 28, 2021 6:07PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
40 year bond bull market
Jack Miller
Jack Miller Mar 28, 2021 3:27PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Honestly,I feel as though,if interest rates appreciate,then, the NASDAQ will continue to meet distinguished headwinds(which will in turn,push it down lower)
John Healy
John Healy Mar 28, 2021 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I’m not much of a technician, but I can’t help the Fed’s promise of unlimited liquidity from echoing in my head. Until I hear otherwise, I think the broader markets will continue their bull run.
Jan Skilbrei
Jan Skilbrei Mar 28, 2021 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
maybe, if yields keep supressed, if not , better wait in interest papers or cash
Peter ONeill
Peter ONeill Mar 28, 2021 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Fed is expecting a short-term blip in inflation and then for it to stabilize. If Biden gets his wish on an additional $3-$4 Trillion in infrastructure stimuli - get ready for fireworks with too much money in circulation. Either inflation will skyrocket and lead to higher interest rates. Or the fed will have to pump Trillions more in to keep rates low which will impact the dollar and make the US far less competitive. Add in Biden wants his Stimulus Plan paid for with an increase in Corp taxes and well....A storm is coming esp if Tech or Financial shares.
Paul Browning
Paul Browning Mar 28, 2021 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
In reality, the Fed doesn't have unlimited liquidity to promise.
John Healy
John Healy Mar 28, 2021 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Peter ONeill I agree, which is why I’m betting on inflation. The Fed seems more than willing to let inflation run hot while smashing bond rates which should provide a tailwind for the equities markets. I don’t think they care about the U.S. dollar.
John Healy
John Healy Mar 28, 2021 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Paul Browning I don’t think the Fed operates in reality.
michael engel
michael engel Mar 27, 2021 5:13PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
NDX monthly line chart : Dec, Jan, Feb And Mar formed a straight line. NDX move higher.  NDX pulse modulation distribution might start the next pulse from a higher level. It might start the markdown. Shooting star and hanging man at the top cancel each other.
Eric De
Eric De Mar 27, 2021 2:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It would have been nice if we could have clicked on and enlarged the chart. I don't have Superman vision.
TheNote TheNote
TheNote Mar 27, 2021 2:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Very simple. Tap the chart and expand with 2 fingers - enjoy!
Eric De
Eric De Mar 27, 2021 2:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
TheNote TheNote  I am on a desktop :) clicking doesn't work thanks anyways
Eric De
Eric De Mar 27, 2021 2:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
TheNote TheNote  OK enlarged the chart from your website but the numbers on the left you have played around with the gaps. As the numbers go higher the gaps are tightened between each thousand. What is that called in charting? I can't seem to duplicate it.
Mary Maxwell
Mary Maxwell Mar 27, 2021 2:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Eric De logarithmic?
The Great
The Great Mar 26, 2021 4:08PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hopefully my Puts start printing next week.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email