Mini Nasdaq 100 Intraday Update

The Nasdaq has already started to rally, which could mean that a correction has already ended. The entire move from the top down, can fit as a zigzag with this mornings bottom. What else is new! I can’t completely rule out further downside as a bigger bearish diagonal move can also still be in play. It may take until the end of the month before we know for sure, but a violent move sure can shorten the time it will take.

My expensive Gold/Nasdaq ratio was about 4:1 and a week ago we were at 4.94:1. This means a new record extreme where it now takes 4.94 gold ounces, to buy just one unit of the Mini Nasdaq.

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