NDX is overbought and is ready to drop
The momentum has turned sour
Weekly and Monthly moving averages are providing strong resistance
The pattern repeats for every drop and is repeated now
Based on models from 2001 and 2018, we are primed for the 4th drop
The 4th drop is the most significant and will easily take NDX below 10,000
I predict the final bottom will be July 2023.
Not financial advice - trade at your own risk
The momentum has turned sour
Weekly and Monthly moving averages are providing strong resistance
The pattern repeats for every drop and is repeated now
Based on models from 2001 and 2018, we are primed for the 4th drop
The 4th drop is the most significant and will easily take NDX below 10,000
I predict the final bottom will be July 2023.
Not financial advice - trade at your own risk