Mini Nasdaq 100 Bearish Phase Update.

It sure looks like the Nasdaq is leading a trend south. All the other indices are not even close to following the Nasdaq down, but they can always catch up in a hurry.

This Nasdaq bearish phase can still backfire, but there is only one full trading day left for 2017, which does not leave enough time for one more push to the moon.

The Gold/Nasdaq ratio has dipped below 5:1 again and this should keep on compressing as any Nasdaq bear market intensifies. When this Gold/Nasdaq ratio becomes stupid again, which could take several years or to that 2021 time period, the markets will be ready for a new bullish phase. Until that day comes all the bullish trading accounts will show a major color shift to the red!

Hits: 3

Share this...
Email this to someone
Print this page