TradingView
mattpowell
Jul 9, 2021 9:55 AM

NASDAQ CRASHING IN THE NEXT 3 MONTHS? 

Nasdaq, Inc.NASDAQ

Description

The NASDAQ hit its major trendline last month and has since bounced off it. This last happened in 2006, where in the following 5 months it continued to drop just under 50%.
And the first time it touched the trendline it dropped around 71%, 9 months after the touch.

History repeats itself, but not all patterns are the same.

With this in mind, based in previous evidence it would seem likely for a large drop within 3 months, if it continues a similar pattern.

We will just have to see how the market plays out and if there are fundamentals that will come into play to explain the market crash.
More