NASDAQ falls 5.76% over two days, although this is not at a crash, be wary. Speculation in the tech sector is rampant, and has been holding up global indices with expectations of a crypto/AI dominance. Further unwinding could be on the cards, noting that the headwinds for the global economy are numerous in consecutive beatdowns.

The recent selling of speculation and risk is not a crash per se, apart from the Nikkei, which surpassed its October 19th 1987 'Black Monday' crash benchmark.  This is essentially messy profit taking, as noted in this post I wrote on the 23rd July 2024.  The markets have priced in a rate cut by the Federal Reserve, but over juiced expectations that the U.S economy may just skirt a recession, the point is, the U.S isn't even near a recession, and if Futures and Bond markets are correct, half the time they are not, then you would be forgiven in assuming that deflation is lapping at the shores of the American economy, once again, it is not.  So, what the stock rout was in the last Three days, is greed been taken off the table as a scrambled run for profit taking, that ended up in capitulation, but, not a crash.  

However, this can still turn into a major crash, as the mispricing is evident thought all speculative markets.  Bitcoin shows up as the most amusing of a mispriced asset, with some BTC pundits claiming that the major sell off, for the nth time, is because of end of the year election uncertainty (?).  When it reality BTC is just a risk-on speculative product or asset, nothing more and nothing less.  And BTC has lost over 10K of its value in less than Four days, which shows how juiced up the 'assetless' asset has become.  The same can be said for AI, which caught the NASDAQ wave h1 of 2024, mostly by the "AI darling" NVIDIA (please refer to the chart above, below pane), on the back of AI cloud storage, has been since priced crunched as the AI profit numbers aren't adding up, as per overhead costs.  Which you would expect with an emerging technology.  NVIDIA has been losing stock value since July 24th, hence weighing on the NASDAQ, as have GOOGLE and TESLA.

There are more headwinds facing markets than you can poke a stick at, and they're coming from all sides.

NASDAQ resistance 18684, supports 17878,17243

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All NASDAQ analysis and commentary on CHIASMUS:  chiasmusmagazine.blogspot.com/search/label/NASDAQ