Nasdaq Intraday Crash Update

The Nasdaq is the furthest along in its bearish move as it’s closer to what might end up being a double bottom and a Head and Shoulder pattern.  It could take the rest of May to find out as the right shoulder is what’s important. A bullish bottom could push the Nasdaq back up, but if the bears are still in control, then the right shoulder will never hold.

Even though I have seen these H&S patterns many times before, they can all react differently.  If you use your hand and see it as a “Middle Finger” and two knuckles, then chances are good that the market is sending tech investors a signal.

The trade war is all about a tech war and it’s disrupting every major distribution channel around the world. It’s no longer just one thing for any bearish fundamentals as climate change is supposed to be destroying our world!

I’m bearish longer-term until I see the Gold/Nasdaq ratio get much cheaper. Sure the Gold/Nasdaq ratio at 5.7:1 is better, but that is still miles away from becoming cheap. The commercial hedgers are not that bearish so that can produce some surprise moves as well.

If you think that 5G is going to produce utopia here on earth then think again, when there is not enough electricity being produced in the world to support it. One big solar flare can send us back to the stone age pretty quick but yet the majority of experts ignore the power of the sun and its cycles.

It would be a sick joke to have to build nuclear reactors just to keep the internet of things running. (5G).

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