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Bullish NASDAQ forecast for the month of May!?!NASDAQ Market Forecast and Prediction for the rest of 2022 >>>Bullish Month in May driven by Oversold market conditions and Earnings? >>>Rejection coming at the 50/100 Daily SMA? >>>More elongated 2018/2019 correction pattern repeating? >>>Bullish Q3 & Q4 2022 ahead? Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? > It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 minor corrections. > It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions. > It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market. >>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term bullish and assets do well in high inflation environments.
NASDAQ:NDXLong
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by FortunaAlgoAnalytics
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