Stocks Are On the Ledge of a Cliff

Sharing is Caring!

The stock market is clinging to the ledge of a cliff.

The weekly chart of the NASDAQ is truly. Tech stocks have been trading in a wide range since stocks peaked in November 2021. And they are just BARELY clinging to the lower line of this range on a weekly basis.

Why is this a big deal? Because if the NASDAQ closes below the lower line of this range on a weekly basis, it opens the door to an unwind of most if not ALL of the COVID-19 bull market. This would mean a 40%-50% collapse from current levels.

See also  "WTF Was That!" - Stocks Explode Higher As US Economy Heads Into Recession. Wow, when things get really bad.. stocks will go through the roof. We know how this FRAUD ends.

And all of this is happening right as the Fed ends QE and starts raising rates. Meanwhile, the economy is rolling over and the tech-heavy market is barely able to rally.

Sounds like the recipe for a crash to me!

Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  Retail investors bought stocks worth $76 billion during a three-month period ending on May 24, or $1.3 billion a day on average

Views: 41

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.