NDX - Where Are We?
The Nasdaq hovering over a 11-12 year structure (orange channel dating back to '09), in what to me looks like a newly formed post-covid-MMT range.
In a world with excessive deficits & low interest rates, it's kind of difficult to see this thing returning to that 11-year range; suffice it to say, as long as people are working (and as more people participate in work - say globally), we will continue to see money flow into the retirement / savings bubble. As far as an overall read, I think we will test the all-time-highs and potentially encounter some kind of sideways correction before pressing higher (i'll continue to cover that and elaborate that as it develops). I also would not be surprised if this thing breaks out of the blue structure; however - that would actually worry me and I would then start looking for the short.
On a related note, I am on the record as stating, I think crypto currency will fail to keep up with stocks from an overall performance perspective. Well, actually I think cryptos will crash in 2022 as more emerge and tax policy continues to evolve in a post-covid deficit MMT world.
God bless. Happy hunting.
Chief
In a world with excessive deficits & low interest rates, it's kind of difficult to see this thing returning to that 11-year range; suffice it to say, as long as people are working (and as more people participate in work - say globally), we will continue to see money flow into the retirement / savings bubble. As far as an overall read, I think we will test the all-time-highs and potentially encounter some kind of sideways correction before pressing higher (i'll continue to cover that and elaborate that as it develops). I also would not be surprised if this thing breaks out of the blue structure; however - that would actually worry me and I would then start looking for the short.
On a related note, I am on the record as stating, I think crypto currency will fail to keep up with stocks from an overall performance perspective. Well, actually I think cryptos will crash in 2022 as more emerge and tax policy continues to evolve in a post-covid deficit MMT world.
God bless. Happy hunting.
Chief
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