NAS100 QQQ NDX Bullish?

FX:NAS100   NASDAQ 100 Index
Oddly enough NAS100 is still in a bullish formation after completing a 123 wave up since DEC 2018. A 66% increase in a little over year fueled by

Exessive Liquidity,
Taxes cuts,
Rate Cuts,
Trump Tweets that triggered algos.
China, Japan, EU Stimulus (more of the same)

Resulting in Euphoria asset price inflation (known as multiple expansion). The problem with the artificial stimulus is the "Law of Diminishing Returns" Eventually it catches up and the Eiffle Tower Formation ensues.
If you understand macroeconomics and have the ability to read a chart bare-knuckle. You will know the probability is we will hed for a World Recession and Stocks will go much further down over time.


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