We looked at 25+ charts predicting the S&P 500 Index (SPX) market crash. You can find this article in the 'RELATED IDEAS' at the bottom of this post.
Now, what about Nasdaq (NDX) and how far down can it really go?
Join me while we go over the trade ideas we published since early 2022, to see where we stand and what comes next... (You can find all charts by visiting my profile - here)
Thanks a lot for your support. --
We started by looking at our classic signals on the NDX chart. We looked at EMA10/EMA21, previous corrections since 2018 as well as the MACD and RSI; it all pointed downwards.
At this point the NDX index was at 15,286.75... (Jan. 19) NASDAQ Bearish Scenario Can Unfold
Just 4 days later we looked at the weekly chart and noticed how the NDX was moving below EMA50, one of our classic signals.
This is a bearish signals telling us of potentially lower prices...
(Jan. 23) Nasdaq To Hit Much Lower (Chart Update)
Later, we expanded on all my main/classic signals. If you learn these signals by reading what we publish, as easy as they are, you can read any chart that being TradFi or Cryptocurrency...
(Jan. 24) NASDAQ Downward Pressure
Then we looked at the really long-term timeframe, monthly (M), and we predicted a potential 70% drop, this happened in January 26.
We also looked at Elliot Wave & more...
(Jan. 26) The Nasdaq Long-Term (Potential For Major Crash | ~70%)
If you want to know where the bottom is, look at this chart.
We followed this one by reading multiple timeframes, daily, weekly and monthly and going as far back as the year 2000 in our analysis... Our view remained the same and is still the same today, more correction before it is all over.
(Jan. 28) NASDAQ Index Continue Lower | Daily, Weekly & Monthly: All RED
Do you know about GAPs/Windows? We study this signal in early February...
(Feb. 7) The GAP Gives It Away | Nasdaq
We also applied candlestick reading, which is the main system we use for charting. High wave candles, full bearish candles on the chart as well as indicators such as the MACD.
(Feb. 23) Nasdaq (NDX) | Gives Additional Signals
In March only two trade ideas, the "bear run", now famous as well as another strong/bold prediction...
(Mar. 4) NDX | Nasdaq (Additional 65% Drop)
The ABC Correction is based on the Elliot Wave charting system... See how perfectly it works!
(Apr. 21) Nasdaq Extreme Bearishness Weekly
CONCLUSION | Bad news & Good news
The bad news is that we will have a long way to go!
The good news is that once we reach bottom, we will have DECADES of sustained and continued growth.
Namaste.
Nota
We are about to enter the last chapter of this saga.
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