📈 Nasdaq 100 Index Crash

9. Aug. 2023

Consider the trade idea I just shared for the S&P 500 Index, the same situation we have here with the Nasdaq 100 Index, major crash ahead.

The current session trades below yesterday's wick low, this is a major bearish signal.

The NDX daily MACD already gave in, trendline support has been broken:

It looks terrible.

The RSI is the same, trendline support has been broken and it is moving below 50:

But these are only the indicators, the NDX itself is still high up and will soon follow.

The drop can last between 1-3 months from what I can gather now, maybe later I can update again but there is really no need as we will be entertained with Cryptocurrencies.

This is just a friendly reminder.

The rising channel has been broken, a perfect channel; and the overall chart structure is screaming for blood.

Let's see, let's make some predictions.

✔️ Sociopolitical instability, bank failures, Covid/chemtrails... You know the drill...

Thanks a lot for your support.

Namaste.

17. Aug. 2023

Anmerkung

Going down as expected... There is always a correction after a major rise.

18. Aug. 2023

Anmerkung

13,600 - 13,800 next target range.