QQQ Topping in 1 Month
Based on other growth stock patterns that have already topped, we are likely to see a top be put in on the market at the beginning of February.
From a Macro perspective, this aligns with taping of FED purchases that have fueled this rally. Unless we see Inflation cut back, the FED will not be supporting the market.
Just as markets generally bottom 3 months before the end of a recession, they also top 3 months before the start of a recession. Due to inflation, QE ending, and rate hikes, we likely enter a recession in the spring of 2022.
From a Macro perspective, this aligns with taping of FED purchases that have fueled this rally. Unless we see Inflation cut back, the FED will not be supporting the market.
Just as markets generally bottom 3 months before the end of a recession, they also top 3 months before the start of a recession. Due to inflation, QE ending, and rate hikes, we likely enter a recession in the spring of 2022.
Note
Well this aged very well
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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.