Nasdaq bear flag, ready for second leg down?
Almost becoming a standard for the stock market to bounce right back up again after some bad bearish news and price action. This time there is a chance things might be a bit different though. On the left it looks like there is a real resistance zone now inside this bear flag. I have not posted much about these markets, because the noise has been extreme past year. But now it's worth it. Because if the curved blue line on the right holds, bearish price action could become real for the coming period. Maybe even a real bear market. But as soon as the curved line breaks, i will very easily step back again from that assumption and open again for both sides. There has been no logic at all IMO about the stock market. Everything can blow up easily IMO, but those thoughts have been with me for a very long time now. It has become clear, that as long as intrest rates don't increase, the inflow of (borrowed) capital could continue to push the stock market up. So it could be that as long as intrest stay this low, the bear market simply won't start.
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