Hey Trader,
please see my current idea on US-100. Price Action is currently trading above the 2.618 extension for our possible wave c. This point here will be crucial for the next days, since it decides from a purely technical perspective if the Nasdaq-100 is entering a bear market, or current panic is just hot air and we have a deep correction here. I'm speculating on a corrective pattern, because I think that rate hikes are now priced in already and the Dollar will become weaker again. Inflation may peak even more, so that investors don't have a reason to stay in their money just to see it vanish. I hope I am wrong, but I fear we will see a Hyper inflationary Environment this year.
This is no financial advice,
Your RT.
please see my current idea on US-100. Price Action is currently trading above the 2.618 extension for our possible wave c. This point here will be crucial for the next days, since it decides from a purely technical perspective if the Nasdaq-100 is entering a bear market, or current panic is just hot air and we have a deep correction here. I'm speculating on a corrective pattern, because I think that rate hikes are now priced in already and the Dollar will become weaker again. Inflation may peak even more, so that investors don't have a reason to stay in their money just to see it vanish. I hope I am wrong, but I fear we will see a Hyper inflationary Environment this year.
This is no financial advice,
Your RT.