NASDAQ - We calculated the Top Exactly but this Dip? 🦉

First of all, allow us to brag about calculating the 16,300 Top back in June 2021: www.tradingview.com/...Q-Destination-16300/

We will revert with a new chart, trying to estimate the bottom, but only after the rate hike decision.

For the time being, here is our Nasdaq chart with some interesting, historical analysis.

We have been experiencing a major correction in the past weeks and the question is how deep will it end up being.

Will the price reach the 10,000 (pre-Covid levels) or will we see a rebound soon?

With Rate Hikes coming up, Inflation and War in Ukraine causing worries and with the 'printing' at ease it will be hard to price in where the Nasdaq belongs at the moment.

Money was printed by the tons, the younger generation tends to invest before they even work (!!) and not just crypto and the mighty Nasdaq IS a symbol of how Technology will rule, or is ruling already, the World.

Low rates and printing, benefit the stock markets. If interest rates rise higher than anticipated the chances of a deeper correction will increase.

Remember our earlier projection is going as per plan: www.tradingview.com/chart/NQ1!/F...

Nevertheless, take a look at our little informative chart art and let us know if you like it.

What's next?

One love,

the FXPROFESSOR