QQQ - NASDAQ Long Term Correction
Updated
After a wild bullrun for more than a decade it is time for a correction and for the markets to cool down for the coming years.
This analysis is what I suspect most likely to play out. Let me guide you trough it.
From this point I expect a lower low during this summer (2022) reaching the MA200 weekly / MA50 monthly (yellow cirle).
Between September 2022 and May 2023 I expect that regulators are lowering interest rates (again), getting people exited what sets up a bulltrap with the top in May 2023 without creating a new higher high.
After may 2023 I expect a steep decline in price and the real recession begins. This brings us to the next floor (orange circle). This floor happens to be the top of 2018 and the MA100 monthly.
Eventually the will be some relieve from this downward movement making a lower high and then the last wave down begins and potentially brings us all the way to the previous ATH of the Dot Com bubble in 2000. This is also the area where the MA200 monthly will be.
I realize that IF this analysis takes place the world economy has a lot to digest but we will come out stronger eventually, as like we always do.
Prepare yourself. Stay safe out there.
This analysis is what I suspect most likely to play out. Let me guide you trough it.
From this point I expect a lower low during this summer (2022) reaching the MA200 weekly / MA50 monthly (yellow cirle).
Between September 2022 and May 2023 I expect that regulators are lowering interest rates (again), getting people exited what sets up a bulltrap with the top in May 2023 without creating a new higher high.
After may 2023 I expect a steep decline in price and the real recession begins. This brings us to the next floor (orange circle). This floor happens to be the top of 2018 and the MA100 monthly.
Eventually the will be some relieve from this downward movement making a lower high and then the last wave down begins and potentially brings us all the way to the previous ATH of the Dot Com bubble in 2000. This is also the area where the MA200 monthly will be.
I realize that IF this analysis takes place the world economy has a lot to digest but we will come out stronger eventually, as like we always do.
Prepare yourself. Stay safe out there.
Note
It's been a while updating this TA, but it's been quite accurate this far. The first main target; the Yellow Target on the 1.618 / 200 MA weekly is reached in October 2022 with a prefect hit.
There is a solid lower low forming at support of that area for the last few months, so the bull trap is still quite possible before we go lower.
This TA is still my primary projection.
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