
I just woke up and OMG it’s a bloodbath?. But I hope everyone realizes it’s the market and not the companies themselves. Yesterday I went through the Nasdaq historical data and backtracked to 2000 Dot.com bubble, 2008 Housing market crash, 2020 March-April Pandemic crash and realized that there were always some very clear indicators the market was going to crash. The common denominator is that anytime it drops more than 7% of its all time high within a short amount of time. It’s seems to be a freefall?. Bad news is we’re awfully close rn and even went below on Friday. I believe that if Nasdaq goes under 11288 (which is ATH of 12074.07 x 7%) it’s going to be bad and very likely that we will be entering into bear market. It also seems that the chart is supporting that theory there is a clear head and shoulders bearish pattern with a neckline located around that 11288 mark. So I think if Nasdaq < 11288 = market crash | If Nasdaq > 11288 = just market correction. $Tesla Inc $Apple Inc $Nio Inc.

All Comments
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.