Market signaling increasing downward momentum NAS100
Fundamental Analysis:
-All the fed printing is gonna raise inflation, the common man has no assets.
-6-10% unemployment, 20%+ if you focus on blue collar workers. >Seemingly no foundation to our economy
-Increased likely hood of collapsed accelerated by record high margin rates.
-Stock/housing bubbles across Canada and US...
Technicals:
-Very strong RSI bearish divergence indicating slowing down of bullish momentum, MACD bearish cross indicating the opposite.
-Broken rising wedge indicated by the blue lines.
-Broken 20 day moving average
Targets:
Markets on average crash 42%, considering the overall market valuation; I think that figure is possible. (And also coincides with the support line on the Weekly chart)
Share what you think or like if you agree! :)
-All the fed printing is gonna raise inflation, the common man has no assets.
-6-10% unemployment, 20%+ if you focus on blue collar workers. >Seemingly no foundation to our economy
-Increased likely hood of collapsed accelerated by record high margin rates.
-Stock/housing bubbles across Canada and US...
Technicals:
-Very strong RSI bearish divergence indicating slowing down of bullish momentum, MACD bearish cross indicating the opposite.
-Broken rising wedge indicated by the blue lines.
-Broken 20 day moving average
Targets:
Markets on average crash 42%, considering the overall market valuation; I think that figure is possible. (And also coincides with the support line on the Weekly chart)
Share what you think or like if you agree! :)