Finally the massive tech bubble appears to be breaking and the biggest losers are those who have been the biggest gainers. FANG +Tesla.
A daily close below 10500 will break Nasdaq below today's lows, aiming for new lows.
Enter short NOW.
Stop loss 10660.
Is this the final pattern showing us time is up for this tech bubble?
Historic highs for P/E ratios
Rising CV numbers
Market is speculating on the future
Targets if pattern holds
I have been net long since 2860's. I am flipping to short NOW. The reason is because of
1st- Bond market today rose 10% which is a sign smart money was coming to stocks. Only problem is this was on a TD9 Candle.. which means we should see a reversal in that move.
2nd - We are the .786 fib this a reversal point. If we go through this fib like butter then I...