Echoes of the great recession of 2008
An echo of the great recession of 2008 would look easy on this chart and fits nicely with the percentage distance from the 3-year moving average. I think this downturn will be even greater in magnitude and worse in different ways. QQQ at $187 by mid-summer is what I see likely. The Fed and US Treasury need folks begging to justify their next blunder. The weight of reality will be more than can be absolved by fairy tales. Also, chart colors.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.