Clear as day Nasdaq 100 rules the global economy. We are seeing a significant sell-off after COVID-19 market innovation. Simple as that.
There was too much medical innovation similar to the dot.com bubble where there was too much internet innovation. The regulators are stepping in because the markets have gone out of control and the housing market is affected by unequal distribution of wealth.
Whatever business model has been created in the last decade is subject to destruction. Pay attention to corporate earnings calls where management is projecting positive returns. This is a red flag and a clear indication of financial mismanagement and incompetency.
We can expect the Nasdaq 100 to reach 3k-4k range. The support is based on assumptions that there is a significant sell-off where the price action placed significant pressure on the 25 SMA and the 99 SMA.
I expect the bottom will reach November 2024 when the next USA presidential election event will take place. The recession will flatten out and I expect by November 2025 the markets will start projecting upwards with significant weakness for years to come.
There was too much medical innovation similar to the dot.com bubble where there was too much internet innovation. The regulators are stepping in because the markets have gone out of control and the housing market is affected by unequal distribution of wealth.
Whatever business model has been created in the last decade is subject to destruction. Pay attention to corporate earnings calls where management is projecting positive returns. This is a red flag and a clear indication of financial mismanagement and incompetency.
We can expect the Nasdaq 100 to reach 3k-4k range. The support is based on assumptions that there is a significant sell-off where the price action placed significant pressure on the 25 SMA and the 99 SMA.
I expect the bottom will reach November 2024 when the next USA presidential election event will take place. The recession will flatten out and I expect by November 2025 the markets will start projecting upwards with significant weakness for years to come.
Avange-Lina