Hubert Senters here.
Let’s take a look at the Nasdaq. And it’s starting to get a little sporty ladies and gentlemen. It could go substantially lower. It’s not bouncing very well.
You’ve had four days to wipe out basically months worth of value. That’s not in common. Stuff happens all the time in the markets.
But the bounce is kind of weak-ish. We only have one more day. We’ve got tomorrow. So depending on what tomorrow brings. The market next week could start to drop even more or it could then sell there.
Let me tell you what I’m looking at. I’m looking at an overall daily uptrend on the Nasdaq. It has been very strong even amidst the covid.
You got a 60-minute sell signal today which means it wants to go down for the next three to five days and the intraday signal was also down. It flipped over about $1,245.
It’sa saying that we’re going to go lower. But the overall daily is in an uptrend so until the 10-minute turns positive above the cloud and until the 60-minute goes back above the cloud.
I’m going to say we’re going to continue to drop. Now, that could change depending on what happens tonight. The Nasdaq could rally overnight or first thing in the morning or tomorrow.
And then we could close up and have a nice little buy signal if that happens obviously my opinion will change but right now things are starting to look a little iffy there. We may have a little double dip about to start again so protect yourself at all times.
I’m going to be doing a special webinar with my friend Kamal Ravikant. It’s ”Confessions of a Silicon Valley Angel Investor: The Secret to Being a Successful Insider.”
It’s going to happen tonight at 7PM EST. There won’t be any slides. This is going to be me and Kamal talking about the industry how it works, how you can get started in, what you need to be aware of, what you have to avoid. All of that good stuff.
I will HYPERLINK you to this registration page. I will see you tonight at 7PM EST. Also bring your questions. I’m kind of doing it like a podcast interview. But if you have follow-up questions along the way ask them.
Good luck. Hope it helps. See you on the next video.
Hubert.
