Nasdaq Daily Chart Update

Not much has changed except that the Nasdaq also started to take a dip which I believe is a wave 1-2 development. The Nasdaq needs to take out the 7400 price level and eventually the 6900 price level as well.

I’m looking for a Cycle degree correction which could take until early 2021 when solar cycle 25 starts to crank up. The 4 month crash into late 2018 traveled fast enough, so anything that happens once can happen again. When the analysts scream “Black Monday” then chances are good that the worst is over and we should look for widespread insider buying, buying their own stock back.

There are some ugly stocks in the Nasdaq and they need to go bankrupt and get tossed out of the index.

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