tyler_sim

Nasdaq big-time warning sign

Short
FX:NAS100   US 100 Cash CFD
Seeing a pretty good-sized head and shoulders formation in the NASDAQ index that is now pretty well-defined. Much more well-defined than anything we saw during the COVID crash. The daily 200 SMA in pink is also now starting to roll over for the first time in a while. We already got a first fake break below the H&S neckline last month, and I think if we break below there again that may be the start of a new bear market that'll last a year at least, as most historical bear markets do. Time-wise it makes total sense as assets and common goods and services have all been hit by serious inflation due to prolonged zero-level rates, and now rates are finally on the rise again, coupled with crude oil shock due to war. Be on the lookout, but this is one of the biggest topping signs I've seen in a long time. OPINION ONLY, NOT FINANCIAL ADVICE.
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