Bear Market Ahead?

Are we headed to a serious bear market ? not to be pessimistic but all signs point to YES !

Fundamentals:
- Oil prices on the rise
- Bond market rising
- unemployment rising
- Gold stable above 1900 and gave a new all time high above 2000
-inflation not dropping (tech sector gets hit the hardest)

Technical :
-Notice the higher high on a weekly chart -Nasdaq ran up all the way to meet it and reversed at that point creating a lower high !
-Notice the move of Nasdaq was parabolic without retracing meaning the move needs to reverse aggressively
-Notice the gaps left on the way up -yellow gaps and grey gaps representing market leaps leaving open orders behind that needs to be mitigated!


we divided the fall into 7 targets. on these targets we will take profits out and reload on more shorts on the bounce areas of the gaps to continue the gaps on a downtrend

this is a long swing trade -to reach the last target may take appx 4-5 months in our opinion.


please DYOR! please do not trade with money you cannot afford to lose ! remember that trading with a leverage is VERY high risk.
Trade safe !