The Nasdaq market is looking to fall rapidly through a rising wedge pattern. The NAS100 P/E ratio is 25 - way, way overvalued. The Nasdaq market has many stocks with sky high P/E ratios over 100 like GDDY, SQ. UBER and TSLA haven't made any profit yet and are trading at sky high valuations. The NAS100 could fall 20% from here with the S&P500. The RSI, ROC and MACD are all topping on the NAS100, a good sign of a rapidly building market fall to come.
Footnote: Cryptocurrencies are collapsing also. Ether is the weakest, I think Ether could fall below 100. The government doesn't want Facebook's Libra to be created and Trump is against cryptocurrencies. There is a bubble in tech stocks and cryptocurrencies, both are ripe for shorting.
Footnote: Cryptocurrencies are collapsing also. Ether is the weakest, I think Ether could fall below 100. The government doesn't want Facebook's Libra to be created and Trump is against cryptocurrencies. There is a bubble in tech stocks and cryptocurrencies, both are ripe for shorting.