Just recording this graphic for the future.
The Nasdaq 100 has had a great past decade, but now we're at a critical time for the tech-heavy Nasdaq index When looking at Nasdaq divided by the Money Supply, news about how the feds will guide the US economy will force people to make a decision about their portfolios:
Do you diamond hand your tech stocks or dump them and wait for a better position?
The Nasdaq 100 has had a great past decade, but now we're at a critical time for the tech-heavy Nasdaq index When looking at Nasdaq divided by the Money Supply, news about how the feds will guide the US economy will force people to make a decision about their portfolios:
Do you diamond hand your tech stocks or dump them and wait for a better position?
Note
I see why there's a reaction at these levels, similar to 2019 but could still drop a lot more to get down if we don't find support here.
if there's no support at this level, then the bear narrative becomes much more pronounced, similar to 2020. (We cut thru the dotted line super fast last year ~2 years ago)
When u do the R/R, going long here not as juicy as ppl think.
Note
macro still seems very bearish but great earnings added a lot of liquidity to the system. discord says 3T liquidity in the marketNote
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.