09/08/2020 13:10

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 $Apple $NIO Inc.
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.


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All Comments(6)

rba***com09/08/2020 14:00
down 2% is a bloodbath?......

📲mtmsolutions.ca💕09/08/2020 14:02

Tesla is down 17% but ok 👀


jaz***com09/08/2020 13:27
market been up so much
wer due for the big correction
so this is normal. enoy shopping 🛍


ima***com09/08/2020 13:17
your learning


humbled09/08/2020 13:14
good observation. let's see how it goes.


BigC09/08/2020 13:12
Go back to sleep


ClevelandTrader09/08/2020 13:12
Dude, it's the company. Too many promises undelivered.

📈🤜🏻💥🤛🏻📉09/08/2020 13:14

They are literally building 3 huge factories right now.

John09/08/2020 13:13

Lol ur stupid its the market everything is down


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