NASDAQ WILL FALL TO 22400 end even moreUS Tech 100 Cash ($100)IG:NASDAQHayk_PetrosyanSo the economy in the US is weakening with every DATA released daily...this is not an easy situation for the FED to cut rates... the dollar is rising, although it should have fallen with anticipation that the FED cuts rates, gold is falling, oil prices are skyrocketing, US10Ys is on the rise... Just to make sure you get me right, I am not mixing Nasdaq with economy, BUT, do not forget about FED and about MONEY which is borrowed with high rate in the hope of rate cut...now imagine what would happen if the next DATA, namely PCE and PCI come hotter, and i am pretty sure it will...all that borrowed "expensive" (with current rates) money will be dumped out of window...and that money sits ALSO in stock market, crypto, Gold etc... Trading is not always about higher highs or technical trendlines; it is also about geopolitics, the economy, and monetary policy... By the way, the current uptrend, which started from 22980 on Friday the 22nd of August, is broken today...another indicator for the upcoming bearish explosion