Based on my analysis I believe we are approaching another crash in the market, probably the biggest one yet..
NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down.
Dow Jones is approaching its previous highest high where it took a tumble
SP500 is also doing the same as DOW
And now OIL is reaching a point in the market where it previously crashed
I suspect Nasdaq will flutter around and consolidate until DJ30 / US500 and Crude OIL catch up and then everything will crumble at the same time.
I may be wrong but these are my thoughts on this madness
NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down.
Dow Jones is approaching its previous highest high where it took a tumble
SP500 is also doing the same as DOW
And now OIL is reaching a point in the market where it previously crashed
I suspect Nasdaq will flutter around and consolidate until DJ30 / US500 and Crude OIL catch up and then everything will crumble at the same time.
I may be wrong but these are my thoughts on this madness