NDX heading back into past trends??

18 May 2022

The nasdaq 100 index has been in a parallel channel since 2012 only breaking out during the market anomaly that happened during covid 19. The government printed an excessive amount of money in a short period of time during covid. In present day, we are seeing the repercussion through high inflation rates and bear market conditions. NDX looks to be heading back for that parallel channel and it would represent a normal inflation rate as it was in that channel years past.