NASDAQ begins to enter a broad correction. TESLA holding bids, but for how long? USD and the 10yr yield are going upward. Inflated pricing to further pressure the overseas consumer.

 

(Chart 1)

(Chart 2)

I have shortened the month prediction for my NASDAQ 100 "trade" (Chart 1) from the 2022/5/22 to 2022/04/26 but remaining at a 4% drop on the NASDAQ, as risk aversion is turning into a storm, with indexes closing on the 22nd April have all hit a 2% sell off, which indicates a market correction.   As noted in this post, will Elon Musk be able to hold Twitter whilst trying to juggle a take over in a risk aversion market, which could end up going south for him.   As noted in Chart 2.   The NASDAQ is particularly prone to U.S Dollar and interest rate rises, more so Tesla as an net exporting company, it will therefor make it even more expensive to send the electrical cars overseas.  Note the USD diverting away from a falling Tesla price an also the 10 YR rate over 2%.   And if the Federal Reserve to hit the 1% on the U.S cash rate, so the average person in the street can get some relief from inflation blowing out to a 40 year high.  It will slam Tesla down, taking the NASDAQ with it or will the NASDAQ sell that will take TESLA down, either way...

Trade at your own risk.