BradMatheny

Global Market FLUSH OUT is nearly over (for now)

Long
FX:NAS100   US 100 Cash CFD
Get ready for support to be found over the next week or two as the fear of risks seems to be subsiding.

Yes, the Fed is threatening more rate hikes, but the markets have already revalued substantially over the past few weeks given the broad global market collapse and the -25% collapse in the NASDAQ.

Traders need to start thinking about "what comes next"? My research suggests the next move will be a move higher - not LOWER. This recent correction in the markets reflects a broad delivering event across the globe. The excesses of the past 5+ years culminated in a peak in 2021. Most of 2021 was spent moving away from risks related to the excesses/speculative phase.

Far too many people are seeing this as a bubble-burst (which it may still turn into if the Fed/Global Central Banks make the wrong moves) - but ultimately, the printing of capital may "grease the wheels" of the global economy in such a way that GROWTH becomes the next factor over the next 10+ years.

Yes, asset prices, like homes, gas, cars, and others, may subside a bit (very similar to 1984 to 1994), but this reversion of asset prices (moving away from excesses) may be a very healthy process for the markets.

Get ready. I think we are going to see the start of an intermediate base/bottom starting to setup soon.

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