Don't let the "fundamentals" mess with your head.. NDX has another 36% climb ahead of it, before it's next serious correction...
I called the bottom of this correction quite accurately (In fact, I called it but 4 days in advance to my predicted date it bottomed...
This is a text book bull flag with a measured move to the 161.8
Perfect technical structure..
Time to be long is now..
QE is coming back, rates are going to ease off, money will flow out of bonds and T-bills and back in risk assets, elections are coming up soon, war is raging and is sadly a cash machine for defence stocks, CPI lags and the market is going to pump in expectation of further inflationary pressures down the road..
AI is booming and is inherently deflationary..
The most upside I believe will be in any crypto related stock plays, as it's tech category + highest asymmetry..
Trade active
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Called it.. now.. the laggards.. Crypto Mining Stocks, NASDAQ:RIOT, NASDAQ:MARA etc.. those are on the precipice of a huge rally.. they're lagging bitcoin prices ... they're in the tech sector.. matter of time before they pop (next week or the next at the latest).