Interesting ratio chart of the Nasdaq 100 vs the $USD reveals a ratio target objective was met in 2018. In hindsight, 2017 was a monster year for the Nasdaq 100 with a gain of 31%. The NDX exhausted nearly all the upside stored from the 2000 to 2016 consolidation in one year!

Now we see a downside Gap in the $NDX:$USD ratio around the 57 level. If the ratio fills the gap while $USD remains steady at 96, this implies another 7% downside for the Nasdaq 100/QQQ.

Happy Holidays Goldtent!