📈 Nasdaq 100 Index Crash
Updated
Consider the trade idea I just shared for the S&P 500 Index, the same situation we have here with the Nasdaq 100 Index, major crash ahead.
The current session trades below yesterday's wick low, this is a major bearish signal.
The NDX daily MACD already gave in, trendline support has been broken:
It looks terrible.
The RSI is the same, trendline support has been broken and it is moving below 50:
But these are only the indicators, the NDX itself is still high up and will soon follow.
The drop can last between 1-3 months from what I can gather now, maybe later I can update again but there is really no need as we will be entertained with Cryptocurrencies.
This is just a friendly reminder.
The rising channel has been broken, a perfect channel; and the overall chart structure is screaming for blood.
Let's see, let's make some predictions.
✔️ Sociopolitical instability, bank failures, Covid/chemtrails... You know the drill...
Thanks a lot for your support.
Namaste.
The current session trades below yesterday's wick low, this is a major bearish signal.
The NDX daily MACD already gave in, trendline support has been broken:
It looks terrible.
The RSI is the same, trendline support has been broken and it is moving below 50:
But these are only the indicators, the NDX itself is still high up and will soon follow.
The drop can last between 1-3 months from what I can gather now, maybe later I can update again but there is really no need as we will be entertained with Cryptocurrencies.
This is just a friendly reminder.
The rising channel has been broken, a perfect channel; and the overall chart structure is screaming for blood.
Let's see, let's make some predictions.
✔️ Sociopolitical instability, bank failures, Covid/chemtrails... You know the drill...
Thanks a lot for your support.
Namaste.
Comment
Going down as expected... There is always a correction after a major rise.Comment
13,600 - 13,800 next target range.
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