NASDAQ to DROP to $13.000
Based on a Daily- and Weekly Price Action, Pattern and Fibonacci Analysis, the Tech Index is likely to encounter further drops towards $13.000 (short-term, view daily chart) followed by a potential drop to even $12.460 (weekly chart). The market's current sentiment, nourished by fear due to possible inflation etc. and no direction at all, will make sure that the $13.000 is achievable.
And seeing interlinked index behavior whilst knowing that history does repeat itself, one can fairly assume that we are walking into one of the "hottest summers" ever. The Shiller P/E ratio will also underline that 2021 is far from being over...
Based on a Daily- and Weekly Price Action, Pattern and Fibonacci Analysis, the Tech Index is likely to encounter further drops towards $13.000 (short-term, view daily chart) followed by a potential drop to even $12.460 (weekly chart). The market's current sentiment, nourished by fear due to possible inflation etc. and no direction at all, will make sure that the $13.000 is achievable.
And seeing interlinked index behavior whilst knowing that history does repeat itself, one can fairly assume that we are walking into one of the "hottest summers" ever. The Shiller P/E ratio will also underline that 2021 is far from being over...
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