Nasdaq 100 Index | Strong Crash Ahead (Prepare!)
All of the three major indexes, SPX, DJI and NDX (Nasdaq 100), the NDX looks the worst.
It seems that the technology sector will be the one that will suffer the most.
There is no upward correction when you compare the NDX to the DJI and even the SPX.
Here we see very little recovery in Oct. - Nov.
This is very bad news.
The stocks are going to suffer strong.
The big ones... Well, according to this chart.
The NDX closed weekly below EMA10 and a major downtrend is easy to spot and has been going since November last year. This one peaked together with Cryptocurrency.
We can see that the SPX peaked two months after Cryptocurrency/Bitcoin.
Think about it... Bitcoin can bottom two months before the SPX.
Ok, Nasdaq 100.
The main support we are looking at short-term is ~10,500.
It can easily go below 9000 based on the current weakness.
It seems TradFi will bottom in 2023.
After the bottom, we go up.
If you want the full analysis, long-term targets... Visit my May 24, 2022 article.
14 Trade Ideas Predicting The NDX Crash | Where Is The Bottom?
I love you for your continued support.
Thank you my friend.
Namaste.
It seems that the technology sector will be the one that will suffer the most.
There is no upward correction when you compare the NDX to the DJI and even the SPX.
Here we see very little recovery in Oct. - Nov.
This is very bad news.
The stocks are going to suffer strong.
The big ones... Well, according to this chart.
The NDX closed weekly below EMA10 and a major downtrend is easy to spot and has been going since November last year. This one peaked together with Cryptocurrency.
We can see that the SPX peaked two months after Cryptocurrency/Bitcoin.
Think about it... Bitcoin can bottom two months before the SPX.
Ok, Nasdaq 100.
The main support we are looking at short-term is ~10,500.
It can easily go below 9000 based on the current weakness.
It seems TradFi will bottom in 2023.
After the bottom, we go up.
If you want the full analysis, long-term targets... Visit my May 24, 2022 article.
14 Trade Ideas Predicting The NDX Crash | Where Is The Bottom?
I love you for your continued support.
Thank you my friend.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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