Nasdaq Reversal Fibs 2000 Crash History Rhyme

I used an 80% retrace in 2022, though the 2000 retrace was worse as a percentage. The comp would fit with a deflationary crash if the Fed doesn't do an about face. I see the DXY moving up to 103.5 tonight and trying hard to break a long term resistance level to the upside. This is mostly a measure of other fiat currencies and heavily the Euro, so it makes sense with the fed raising or at least pretending to raise rates aggressively and Europe in the throes of an energy crisis, that the dollar would have jet boosters added to it. But go to the store and buy any good or commodity with the dollar and it buys less with each passing day. Now imagine being a foreign fiat currency holder and trying to go to the store to do the same thing. It's significantly worse with the exception of commodity producing countries and the only one of those that hasn't dropped recently with the commodity sell off is Russia, which is outperforming the dollar presently. The fed either punts on rate hikes by June's meeting or everyone long in the market may get the Klaus Schwab treatment, including a shit ton of boomers at retirement age. Look sharp folks, S&P 500 breaks the 4150~ level and doesn't quickly turn up, the next wave down starts.