NASDAQ heading for correction or Recession

TVC:IXIC   NASDAQ Composite Index
NASDAQ looks more extended than in 2007 and close to the extension of the 2001 crash. The weekly RSI is showing one of the biggest bearish RSI divergences in the history of the NASDAQ chart so far. We are also getting a fresh red number 1 candle on the weekly TD Sequential. Could be a very nice spot to enter a short. Remember if you decide to short you are shorting a very bullish market on average tread lightly as it is highly risky if not watching on day to day basis. Cheers


Just wondering how much longer this NASDAQ/market can remain irrational. RSI divergence persists despite moving on to new all time highs.
Rilez CryptoTA4U
@CryptoTA4U, Looks like the divergence finally broke south. Now on other moving average indicators I am seeing all kinds of support breaking. Nasdaq has entered bear market officially & Dow and S&P are close behind.
@Rilez, It is ugly indeed. Should get a few bounces on the way down, but we could be in for 2-3 years of downward volatility.
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