NASDAQ, The Past, The Present, and The Future..!
As you see in the Nasdaq chart, Between 2008 and 2021, there are 15 corrections. to have a better analysis we can divide the chart into two distinct time frames. First time frame, from February 2009 to the end of January 2018, with 8 corrections, and the second time frame from February 2018 to March 2021 with 7 corrections.
Obviously,we see less frequent corrections in the first time frame, on average we see a correction every 53 weeks in comparison with the second time frame where corrections happened every 18 weeks.
On the other hand, we do not see any correction more than 19% in the first time frame, while we see 2 corrections with more than 23, and 30% in the second time frame!
In conclusion, we see corrections more frequently in the past 3 years and they become deeper in comparison to the first 9 years of the most recent Nasdaq bullish rally from 2009 to 2018.
I believe this could be the early signs of exhaustion in the bullish trend after a 11780% gain, in the past 12 years.
Moreover in the most recent correction, we experienced a 14% correction in the past 4 weeks, so it is early to say we are entering the crash phase or bear market. but it is highly likely that this correction becomes an extended one and pushes us to a bear market..!
Obviously,we see less frequent corrections in the first time frame, on average we see a correction every 53 weeks in comparison with the second time frame where corrections happened every 18 weeks.
On the other hand, we do not see any correction more than 19% in the first time frame, while we see 2 corrections with more than 23, and 30% in the second time frame!
In conclusion, we see corrections more frequently in the past 3 years and they become deeper in comparison to the first 9 years of the most recent Nasdaq bullish rally from 2009 to 2018.
I believe this could be the early signs of exhaustion in the bullish trend after a 11780% gain, in the past 12 years.
Moreover in the most recent correction, we experienced a 14% correction in the past 4 weeks, so it is early to say we are entering the crash phase or bear market. but it is highly likely that this correction becomes an extended one and pushes us to a bear market..!
Note
The correct number is 1178% ..!
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.