The ‘buy the dip’ mindset is still alive and kicking, as seen | ForexTime

The ‘buy the dip’ mindset is still alive and kicking, as seen for tech stocks which had endured a bruising past few sessions.

As highlighted in my note yesterday, the Nasdaq 100 minis indeed found support around the 12,750 region before now using its 50-day simple moving average (SMA) as a platform to push higher. The Nasdaq was initially headed for losses by as much as 3.5% to wipe out its 2021 advance, only for market participants to limit Tuesday’s declines to just 0.22% by the end of the session and restore a year-to-date gain of 2.11%.




True believers in the tech sector had... Read More (https://www.forextime.com/market-analysis/buy-dip-sees-us-stocks-bounce-key-moving-averages)