KrunchieKilleen

NASDAQ to parachute back to earth

FX:NAS100   NASDAQ 100 index of US listed shares
310 1 5
Nasdaq 100 has a tendency to take wonderful flights into outer space, but ultimately to be brought back to earth. I venture that the orange-tinted polygon represents its natural range. The blue triangle depicts the amazing surge in the late 90s and its collapse right back to ground zero between 2000 and 2003             . The green polygon represents the top portion of its present flight into outer space. Its emerging downtrend could be quite as dramatic a plunge as happened in 2000. There are two major spots resistance on the way.
DanV MOD
2 years ago
Could not agree more. I have similar out look for other major indices such as S&P 500, here is published chart, which which explains why I agree with you. Great chart, thanks for sharing.
SP500 Bearish Outlook - Close to forming Generational Top
+1 Reply
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