the nasdaq is flirting with risk aversion and is grossly mispricing widespread global calamity. Sticky inflation could easily turn into stagflation. Any attack on ISrael by Iran could drive the oil price up over $100 and push short term yields over 7%. Eyes on Crypto/Bitcoin on any major sell offs and speculation crashing in tandem.

Despite the headwinds coming from all angles for massive risk aversion to unfold.  The market correction is still elusive.  Note the chart above,  the NASDAQ is stuck within a trading range of 18684 and 17878. with support at 17240, with the 10 YR yield, its movements inverses to speculation, i.e., high rates = growth stocks selling off, is touching 8 month highs at 4.50%.  Which at the time, September 2023, knocked the NASDAQ down below 15800.

The Chart itself explanatory, please refer to price/call out notes with a forecast for the 15th April 2024.

Things, don't look good.

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All NASDAQ analysis on Chiasmus to date: chiasmusmagazine.blogspot.com/search?q=nasdaq