Nasdaq bubble correction or bubble pop
Weekly bearish divergence seemed to suggest to some degree a top at the 11k area for this near parabolic rally. If that is the case we could see a deeper correction within the next few weeks
Initial correction to the 8.3-8.4k zone rapidly followed by a pump to the 9.4-9.5k and either that resistance breaks and the moon ride continues OR we break previous March Lows to 6400.
Depending on FED Intervention we could see the bubble pop back up after retail traders buy more stocks during the dip with there trump bucks second round stimulus checks. This time it could be far more agressive
Initial correction to the 8.3-8.4k zone rapidly followed by a pump to the 9.4-9.5k and either that resistance breaks and the moon ride continues OR we break previous March Lows to 6400.
Depending on FED Intervention we could see the bubble pop back up after retail traders buy more stocks during the dip with there trump bucks second round stimulus checks. This time it could be far more agressive
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