NASDAQ Macro View#NASDAQ Macro View: History doesn't repeat itself but it often rhymes. Here we are in the last phase of the bull market, the blow off top. The gains seeing during this phase are unrealistic and a greed trap to get as many people in the market as possible at the top. The ultimate formula being a huge wave of new retail investors that aren't super educated in markets and unprecedented amounts of leverage.
With my predicted deflationary bust later this year, into 2022, I am seeing a potential drop of 80% in the index from the top. This would back test a major level of resistance from the dot com bubble and 2016.
If you have bought in the last few years and don't plan on taking profit along this phase, there is a high chance you will either sell at a major loss when your loss can't be managed anymore or you will be bag holding for a decade+ waiting to BREAK EVEN.
Big tech has pretty much stayed dormant since September and now appears to be breaking out to drive the indices higher for this last vertical leg. Highly advised to take profits and raise stop losses along the way.
