Market Outlook: How Low Can It Go? 🚨
As the market faces increasing uncertainty, with trade wars, inflation concerns, and even talks of war looming, many are wondering just how low the market can go. Looking at the long-term weekly chart of the NASDAQ 100, we can draw several important insights. 📉
The chart clearly highlights key retracement levels from previous cycles:
2000-2002 saw the market plummet by 83% from its peak 🔴.
2008-2009 experienced a 57% drop 🟠.
In the current cycle, we have already seen a 26% drop from the previous highs, and many are wondering if we will see 37% similar moves as past market corrections.
Looking ahead, key levels to watch include:
60% and 70% retracements from the peak 🟢.
The 83% drop level which historically signals massive corrections 🔵.
The 93% drop from the top, which mirrors the all-time low seen during previous major market crashes 🟣.
The market has already shown signs of consolidation and increased volatility, with investors uncertain about the future direction. A possible recession or worsening economic conditions could push us closer to these historically low levels, especially if inflation continues to rise and trade tensions worsen.
The chart suggests the potential for further downside in the short term, and we could see the market move closer to the COVID lows again if these macroeconomic issues persist. ⏳
But here’s the key question: Are we heading back to these deep levels, or is there a glimmer of hope for a recovery in the near future? Let us know your thoughts in the comments below! 👇
Stay tuned for more updates on how the market is reacting to these pressures. 📊
This chart provides a historical perspective on the NASDAQ’s behavior during past recessions and could help guide your trading strategies moving forward.
Shark News🦈
Let me know your thoughts in the comments below...
As the market faces increasing uncertainty, with trade wars, inflation concerns, and even talks of war looming, many are wondering just how low the market can go. Looking at the long-term weekly chart of the NASDAQ 100, we can draw several important insights. 📉
The chart clearly highlights key retracement levels from previous cycles:
2000-2002 saw the market plummet by 83% from its peak 🔴.
2008-2009 experienced a 57% drop 🟠.
In the current cycle, we have already seen a 26% drop from the previous highs, and many are wondering if we will see 37% similar moves as past market corrections.
Looking ahead, key levels to watch include:
60% and 70% retracements from the peak 🟢.
The 83% drop level which historically signals massive corrections 🔵.
The 93% drop from the top, which mirrors the all-time low seen during previous major market crashes 🟣.
The market has already shown signs of consolidation and increased volatility, with investors uncertain about the future direction. A possible recession or worsening economic conditions could push us closer to these historically low levels, especially if inflation continues to rise and trade tensions worsen.
The chart suggests the potential for further downside in the short term, and we could see the market move closer to the COVID lows again if these macroeconomic issues persist. ⏳
But here’s the key question: Are we heading back to these deep levels, or is there a glimmer of hope for a recovery in the near future? Let us know your thoughts in the comments below! 👇
Stay tuned for more updates on how the market is reacting to these pressures. 📊
This chart provides a historical perspective on the NASDAQ’s behavior during past recessions and could help guide your trading strategies moving forward.
Shark News🦈
Let me know your thoughts in the comments below...
Note
I do think we may see some brief relief from time to time but overall, I am bearishNot trading advise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.