Tech is ready to implode.
The NASDAQ ETF (QQQ) has broken its bull market trendline. Even worse, it has failed to reclaim this line despite a strong bounce. This is a MAJOR warning that the upwards momentum is gone.
The next leg down should be a doozy (the target is the red circle on the chart below).
This is a BIG deal for the broader market as even the S&P 500 has seen most of its gain produced by large tech companies such as Apple, Amazon, and the like.
Put simply, if Tech goes… the ENTIRE market will go.
With that in mind, let’s take a look at the big Tech players.
Apple (AAPL): a bearish rising wedge pattern broken after a false breakout to the upside. The stage is set for a bearish reversal.
It’s a very similar story for Amazon (AMZN)
As well as Alphabet (GOOGL)
And Nvidia (NVDA)
All four of these charts have massive “air pockets” from current levels down to support. This has the makings of a Tech Crash that will take 90% of investors to the cleaners.
But smart investors will use it to make literal fortunes from it.
We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.
We made 1,000 copies to the general public.
As I write this, only 59 are left.
To pick up one of the last remaining copies…
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
