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NDX D1: LIQUIDITY DRAG - 40% correction possible? (NEW)

Short
TVC:NDX   NASDAQ 100 Index
NDX D1: LIQUIDITY DRAG - 40% correction possible? (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because short-term I expect
more losses / 40% correction possible.


🔸 Summary and potential trade setup
::: NDX D1 market overview/outlook
::: massive amount of untapped liquidity
::: left behind the parabolic 2020 recovery rally
::: angle of attack in not sustainable
::: PRICE/RSI10 div on daily price chart
::: odds are stacked in BEARS favor right now
::: I see only limited upside from here
::: One of the longest bull markets in history
::: 460% gains off the cycle lows
::: upside likely limited from here
::: some major tail risks for the bull market
::: including riots/violence across US next few weeks
::: also new wave of lockdowns might be imposed in US
::: and this in turn may result in riots/violence
::: not many positive factors supporting further gains
::: aside from the stimulus package
::: problem with stimulus - it's already FULLY PRICED IN
::: by the traders. it's already a done deal.
::: Bulls need a new catalyst to restart the bull run
::: I don't see any viable catalysts aside from
::: mass roll outs of the vaccines
::: which are likely delayed untul Q2 2021
::: therefore odds are shifting in BEARS favor now
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/CORRECTION
::: Sentiment outlook mid-term: BEARS/CORRECTION
FX/CRYPTO SCANNER/RESULTS/OVERVIEW/TELEGRAM
https://TAPLINK.CC/DARK000SOUL
BEFORE/AFTER ANALYSIS
https://THEPROJECTSYNDICATE.BLOGSPOT.COM/
CHANNEL TA/SIGNALS SL/TP
https://T.ME/THESYNDICATE001
DETAILED SCANNER RESULTS
https://TWITTER.COM/PRSYNDICATE001

Comments

from which level do you expect falling down... Today another +1,5% up and US100 is at 13250
Reply
vychod vychod
@vychod, final close price is 13365 with TOP 13437 (+4,9% from your TOP level) !!! It does not seem your prediction work ! Moreover, earning season of big5 (MSFT, AAPL, FB, TSLA) coming next week....
Reply
How do you predict the TOP?
Reply
Top idea, agree.
Reply
too much fake money printing keeping the market up, nice ta skills though! :)
Reply
very optimistic.... maybe (I hope) -10% or more... but 40% ? any funfamental idea why ?
Reply
vychod vychod
@vychod, it is more than COVID fall in March 19 - I agree stocks market is overpriced out the reality, but 40% is too much
Reply
@vychod, If you consider the current cycle started 2009. The previous cycle ended middle 2002 from 2000.
Reply
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