Nasdaq - pontential bear scenarios (-30% to -50% drop)

Weekly chart shows massive divergences on RSI.

While in March the drop was caused by liquidity problems, in August it could be for fundamental problems:

-IMF just published today World Economic Outlook. Expect GDP growth to be -8% for US in 2020. Europe worse.
- Potential second wave of COVID.
- 30% delinquency on mortgage payments and loan defaults coming.
- SME potentially going bankrupt.
- Pension funds and mutual funds rebalancing portfolios and realising massive gains from stocks will cause a 5 to 10% drop which could spark panic selling from retail.

Lets see if FED printer can stop this...