NASDAQ - H4 - GET READY FOR THE BEAR MEARKET

2月22日

Nasdaq H4 - Don't be fooled by the current rally, last weeks price action already laid down the cards for a bearish reversal in equities and currently price is retesting a strong supply zone it created last week. In terms of fundamentals, correlations and technical analysis, everything is aligned for a bear market or a bearish pullback in stocks for now. US10yr bond yields have been rising since January 2024, and the correlation goes that yields go up and stocks go down, so far stocks are yet to catch up but last week the technicals turned bearish. Also we have bad CPI data from December and now February weighing on stocks, and now we have fresh supply/sellers come into nasdaq which means we have a trend reversal/pullback which can last for many weeks to months or maybe even the whole year. Time will tell but what i can tell right now is stocks are heading down and dollar is heading up for many weeks to come