The future of the NASDAQ
With the amazing bull run markets have experienced for the last good while, you begin to wonder if were finally close to the peak of market growth. Well I think there is a high chance we have already witnessed market peaks. In terms of the future of IXIC we should reach bottom by the end of December, afterwards we will be making a small bull run through the year of 2019. However failing to reach new highs we will watch markets drop into oblivion by 2020.
Dotcom bubble
-MACD reached 665 at market peak (1M chart)
-Resulted in a 78,6% fib retrace over a 2 year time period.
Current Bubble
-in September the MACD reached 665 for the first time since the dotcom crash
-78.6% retrace imminent?
Apart from this potential technical indicator, we have political climate of super powers engaging in progressively more aggressive economic behaviors all motivated by asserting economic dominance. Taking into consideration the United States fading influence in the world, China's hyper aggressive push for dominance, and general uncertainty in market sentiment makes for a perfect storm that can potentially provide the events needed to validate the technical indication.
Dotcom bubble
-MACD reached 665 at market peak (1M chart)
-Resulted in a 78,6% fib retrace over a 2 year time period.
Current Bubble
-in September the MACD reached 665 for the first time since the dotcom crash
-78.6% retrace imminent?
Apart from this potential technical indicator, we have political climate of super powers engaging in progressively more aggressive economic behaviors all motivated by asserting economic dominance. Taking into consideration the United States fading influence in the world, China's hyper aggressive push for dominance, and general uncertainty in market sentiment makes for a perfect storm that can potentially provide the events needed to validate the technical indication.
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