Does it make too much sense?

The daily NASDAQ hasn't fallen below the 900d MA since the Great Recession.

Leading up to the Great Recession, there were 2 traps on the NASDAQ (one pushed the 0.38 fib and the other pushed the 0.5). When the second trap hit the 0.5 fib level, the NASDAQ crashed. In other words, it bounced off the 900d twice before capitulation set in. The current market saw the NASDAQ break through the 0.38 level (assuming because of market aggression and the fact that the dollar is inflated) and it reached the intersection of the 100d and 200d MAs earlier this year, and now it's approaching the 0.5 level again.

The economy is chalked.... The economy was saved during COVID via a bubble. Print and hand out money to keep things going (probably necessary). But the Fed didn't react quick enough with the rate increases, especially once everyone realized our "leaders" had no clue what they were talking about related to COVID. So, the bubble grew. Oh, and Ukraine, China, etc....

I have a chart on my page that overlays the inflation rate over time and unemployment rate over time. Every time the inflation rate spiked, unemployment follows on a lag. So, I'm expecting unemployment to increase in the coming months, and this lines up well with the movements described above. I mean, we're already in one, but our government is either that far gone or that stupid... idk which is worse.


So, there are so many things that say the crash is coming, but does it make too much sense?


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