Nasdaq100 to drift lower on 12000 points index area
The chart on a weekly timescale of the Nasdaq 100 with the price/volume trendline drifting well below the IKH Senkou A/B nuage gives a clear Signal of Downtrend validation, which has been also clear to see with the MACD oscillator.
With the Ichimoku the Lagging span also will drift lower toward the bottom part of the Senkou A/B nuage(cloud), in this case, the B line to test the 12000 points support area.
The overall retracement of the Nasdaq100 should at least drift lower on the 2019 Q4 peak. Deflating the Nasdaq Composite stocks asset bubble would see the Composite and the Nasdaq100 retracing -40%<-50% with a Gaussian distribution function. In fact, after hours decline of -5.35% in the Nasdaq100 do reflect in statistical terms and market volatility terms a 3sigma standard deviation and a VaR 99.9 market volatility event.
Very rare moves that have been determined by the repricing of large-cap stocks, that will continue to see price adjustment downwards until the Assets Prices Inflation and the Consumer Price Inflation phenomena will get under control.
With the Ichimoku the Lagging span also will drift lower toward the bottom part of the Senkou A/B nuage(cloud), in this case, the B line to test the 12000 points support area.
The overall retracement of the Nasdaq100 should at least drift lower on the 2019 Q4 peak. Deflating the Nasdaq Composite stocks asset bubble would see the Composite and the Nasdaq100 retracing -40%<-50% with a Gaussian distribution function. In fact, after hours decline of -5.35% in the Nasdaq100 do reflect in statistical terms and market volatility terms a 3sigma standard deviation and a VaR 99.9 market volatility event.
Very rare moves that have been determined by the repricing of large-cap stocks, that will continue to see price adjustment downwards until the Assets Prices Inflation and the Consumer Price Inflation phenomena will get under control.