While everyone else is panicking tonight, I’m over here admiring the $NOW monthly chart as what looks like a clear HTF bottom forming.
Textbook February bottom wick, right at uptrend support and the bottom of the Ichimoku Cloud, with the monthly RSI now the most oversold it has ever been.
I continue to believe the software sector broadly has bottomed, and high-quality names like this are positioned to produce exceptional forward returns.
