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Is The Market Going To Crash Next Week? My Thoughts
So Thursday/Friday we saw $NDX $SPX drop further as tech stocks continued to drop. This was an anomaly to me as the FED meeting signalled continued support to the market.
So I always like comparing different tools/instruments to see if I should be scared lol
So I always like comparing different tools/instruments to see if I should be scared lol
First, we have some chart analysis of $NDX - https://twitter.com/yuriymatso/status/1307128093123981312?s=20. This chart paints a frightening picture where we're looking at the $NDX to trace back down to 9700 but with a few weeks till the US election, will Trump really allow this? If the market crashes like this...
Biden will have the polls for the taking. Would Biden want this as well? You starting your Presidency in turmoil and a stock market crashing. Remember, A LOT of wealth is tied up in the stock market. A LOT!
Next, the VIX - this shows you volatility. When we had the bigger tech sell-off (check this thread https://twitter.com/get_investing/status/1307256747237744641?s=20) The VIX was far higher at 33.60$. Since then, on Thursday/Friday, it only reached 28$ which means a lower high and it's been stagnant at $25 which is...
pretty much the levels we saw in July after the June sell off.
Third, a lot more shorts in HF for the NASDAQ ( https://twitter.com/hedgopia/status/1307347932463546368?s=20). This is scary because tech has caused the biggest rise in the indexes and seeing so many investors bet on it dropping will have a big impact...
Third, a lot more shorts in HF for the NASDAQ ( https://twitter.com/hedgopia/status/1307347932463546368?s=20). This is scary because tech has caused the biggest rise in the indexes and seeing so many investors bet on it dropping will have a big impact...
