2021-10-05

Nasdaq and Palladium

If this relationship holds, tech is gonna tumble in the coming months.
If I had to put a target on palldium, I'd say $900-$1000. Touching the bottom trendline in the above chart would probably mean an eventual low around $500-$6000, depending on when it hit that rising support line.
Here's another look at the above chart, going back to before the 2000 top. If this is a top like in 2000 and 2008, palladium is going to accelerate to the downside.

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