FX:NAS100   NASDAQ 100 index of US listed shares
79 0 0
a year ago
Tech bubble 2.0:
https://www.youtube.com/watch?v=WN1Ad0T6wtk
https://www.youtube.com/watch?v=z8nQ2H9XLOk

All it has to do is confirm the severe case of bearish divergence on monthly chart:
See:
-RSI Monthly bearish divergence -blue
-MACD Monthly bearish divergence -green/red
-Awesome Oscillator Monthly bearish divergence-histogram
Bearish divergence conditions are done when price reaches 4781 level, with oscillators not reaching at least higher levels.
If one has to see this not go into a permanent correction, the buying frenzy would need to stop, push slowly but surely the oscillator higher than 2000 levels( needs 1 year at least for that to happen).
So Nasdaq 100 is cornered into a bubble. Has nowhere to go, but down.

If the bullish scenario has to continue, it has to breach 4800             , then keep that level forever up until oscillators catch up.
Then we can see nasdaq 10000. But for that, we need qe5-qe10 all in 2 years.

Target for top:
-4800
-4950

Target for down move?
-4000 this year
-3900 this year
-3650 this year( worst case scenario )
-3000 next year
-2700 next year
-2200 next year( worst case scenario )
-1000 nasdaq in 2 years
Expecting 2200 to be the bottom, either next year or in 2 years.
a year ago
Comment: Added bonus chart/description/screenshot:
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09/20150916_dub.jpg

Also similar idea:
RETESTING DOUBLE TOP LIKELY
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