6 Reasons Why This Bear Stock Market is Here to Stay (NDX100)

NASDAQ:NDX   Nasdaq 100 Index
Well, the case against a Bull market anytime soon is mounting up. Surprisingly Covid does not even make the list.

1 Stimulus Stopping
2 Interest Rates Increasing
3 Supply Chain Pressure
4 Inflation
5 Commodities Surge
6 Potential War in eastern Europe

I sold all my ETF investments 4 weeks ago, actually on the right of the chart after the 7% catastrophe flag occurred. The 7% Catastrophe flag indicators a 7% drop in the index in 1 week. Any drop above 7% is tested to be a serious precursor to a bear market.

My Moses crash detector signal has been flagging a bear market for 2 weeks.

I plotted the downside targets with black arrows. Of course, the 100 weeks MA is a very close target.

I don’t see any light until potentially April.

Let me know what you think.

Stay safe.

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Comment: I guess my MOSES system was right.
Comment: MOSES was correct in Feb, and is still correct today.

Barry D. Moore CFTe Financial Technician
M.O.S.E.S. Beat The Market ETF System for TradingView:
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