NASDAQ Futures: Will Current Rally Continue, While Double-Top Completed?
Satendra Singh | Jun 09, 2020 01:59PM ET
Nasdaq 100 futures tested the 11-week high on June 8th, 2020 and completed the formation of double-top. A rally above this recent high has enhanced the risk many-fold for the investors, especially at the time when the Business Cycle Dating Committee of the National Bureau of Economic Research said the U.S. economy ended its longest expansion in the history in February 2020 and entered recession as a result of the coronavirus pandemic. I find this looks risky, while the sentiments look bullish.
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