NASDAQ will break below the support soon..!
Let's See why I think so:
I think NASDAQ100 will soon Break below its support level and we are about to see another 10% correction in the next few weeks.
The technical reason:
NDX components are breaking below their previous support levels one after the other:
*Do not forget: it is very possible to see sharp rallies of short coverings in MAy-June before June 17th which is the next Quadruple Witch..!
The fundamental Reason:
QT+ Slower Economy+ Inflation
Quantitative tightening (QT) is a contractionary monetary policy that is the reverse of QE.
***If you find some terms strange, check my previous posts..!
1- NFLX:
2- LCID:
3- NVDA:
4- PYPL:
5- MATCH:
6- AMD:
7- DDOG:
8- ISRG:
9- FB:
10- ALGN:
11- MRVL:
12- SBUX:
13- AMAT:
14- IDXX:
15- WDAY:
16- SWKS:
17- GOOG:
18- OKTA:
19- ANSS:
20- LRCX:
21- ILMN:
22- MU:
23-ADSK:
24- MSFT:
25- ADBE:
26- CHTR:
27- CSCO:
28- ATVI:
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
I think NASDAQ100 will soon Break below its support level and we are about to see another 10% correction in the next few weeks.
The technical reason:
NDX components are breaking below their previous support levels one after the other:
*Do not forget: it is very possible to see sharp rallies of short coverings in MAy-June before June 17th which is the next Quadruple Witch..!
The fundamental Reason:
QT+ Slower Economy+ Inflation
Quantitative tightening (QT) is a contractionary monetary policy that is the reverse of QE.
***If you find some terms strange, check my previous posts..!
1- NFLX:
2- LCID:
3- NVDA:
4- PYPL:
5- MATCH:
6- AMD:
7- DDOG:
8- ISRG:
9- FB:
10- ALGN:
11- MRVL:
12- SBUX:
13- AMAT:
14- IDXX:
15- WDAY:
16- SWKS:
17- GOOG:
18- OKTA:
19- ANSS:
20- LRCX:
21- ILMN:
22- MU:
23-ADSK:
24- MSFT:
25- ADBE:
26- CHTR:
27- CSCO:
28- ATVI:
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Comment:
It happened
Trade closed: target reached
Comment: