Seeing everyone bearish for a month because they just discovered the (future) catastrophic impact of Covid-19, while the NDX is still going up.
First, yes I agree with most bearish FA here, but please note that even with my average-Joe knownledge, I was expecting the bad news already in March (especially for the US).
If I could predict it with my stupid mind, I...
Looking at NDX vs. inflation.
Looks like in a better shape than SPX (higher highs, higher lows) with - if it breaks current level - a continuation of the bull trend until end of September / beginning of October.
My interpretation of the chart is that a "double top" might be found at this point (0.5 fib from tech bubble in this chart, around 10.000/11.000 pts level...
