Nasdaq on trend line, geo tensions + oil up
This looks like it may break the support level, which is a breakdown on a wedge on high tf.
This is what it looks like before big dips, there is now a catalyst driving oil up. If nasdaq closes under this level, I expect a giant sell off so I'm ready here.
If it holds, then the narrative might play that there is an asset rally as the dollar falls. Currently gold is dropping so I think there is a flight to dollar and deflationary pressures that may start to crush the markets.
Only time will tell. I'm ready for it tho.
This is what it looks like before big dips, there is now a catalyst driving oil up. If nasdaq closes under this level, I expect a giant sell off so I'm ready here.
If it holds, then the narrative might play that there is an asset rally as the dollar falls. Currently gold is dropping so I think there is a flight to dollar and deflationary pressures that may start to crush the markets.
Only time will tell. I'm ready for it tho.
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