Market Updates

Nasdaq 100 : Bullish Reversal from a "Bear Market" ?


Kim Ming Lam


April 4, 2022

Nasdaq 100 : Bullish Reversal from a "Bear Market" ?

Let's have a Longer-term view, and watch Bullish Reversal signals flashed by MACD and RSI.

Nasdaq 100 Index - Weekly Chart

Source: TradingView

The tech-heavy Nasdaq 100 Index has rebounded for three consecutive weeks following a 22% decline from its November high.

In theory, people call for an index's "Bear Market" once spotting a 20% drop from its recent high.

Now it seems Nasdaq 100's "Bear Market" refuses to develop.

And a long-term Bullish Reversal is in sight -- Note the swinging of Weekly Momentum Oscillators MACD and RSI from lows.

A Weekly Chart shows two previous examples of Nasdaq 100's Bullish Reversal from a "Bear Market" in the past three years:

1) Christmas 2018 (rising 65% rise from bottom);

2) Covid Downturn in March 2020 (rising 152% from the bottom).

Be prepared for the current Bullish Reversal continuing.

The investment ideas presented here are for information only.  They do not constitute advice or a recommendation by Trading Central in respect of the investment in financial instruments. Investors should conduct further research before investing. Learn more.

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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