NASDAQ - Pick your crash 30% 40% 55% or 70%
Comparing trading channels to key price levels in the NASDAQ. Price has already hit 30% pull back. Given inflation and rate increases the NASDAQ is going down more, at least to the bottom of the green channel and probably touch the top of the black channel at around 40% loss. We should see strong support in this area as it is both channel support and Feb 2020 top. If inflation can't be tamed and we really do go into recession in 2023/2024, then the lower levels of 55% and 70% become a possibility, unlikely, but tell that to the investors of 2000 and 2008.
IMO, if the Fed created this bubble with tons of QE and low rates and now they are doing the exact opposite, then the obvious answer is that the market is going to go down accordingly. The question is just how far will the Fed need to go and is willing to go to get inflation under control versus propping up markets.
1W
1D
IMO, if the Fed created this bubble with tons of QE and low rates and now they are doing the exact opposite, then the obvious answer is that the market is going to go down accordingly. The question is just how far will the Fed need to go and is willing to go to get inflation under control versus propping up markets.
1W
1D
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