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Nasdaq 100 Index
Short

2022 vs 2008

1896
NASDAQ behavior is very similar to March-June 2008 when NASDAQ bounced back 23% in less than 3 months and then a 50% collapse happened!

snapshot

I recognized this similarity as early as March 15, 2022:

History Doesn't Repeat Itself, but It Often Rhymes( Mark Twain)


If you think in an overheating economy like this, the market will survive Quantitative Tightening, read this post:

A Textbook Example of Overheated Economy!


Margin data has a lot to say about the market trends: A 25% decline indicates how bearish the outlook is!

snapshot

Best,




Moshkelgosha
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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Chart PatternsmoshkelgoshaTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsmoshkelgoshaTrend Analysis
Moshkelgosha
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.