Be careful with BEARS, NASDAQ / S&P 500 bottom

In an attempt to give another long-term metric that indicates the end of the bear market. The NASDAQ divided by the S&P 500 (NASDAQ / SPX) seems to fit this bubble due to the over-enthusiasm in technology and crypto, as seen in the year 2000. Taking into account that the bubble theory mentions that markets with growth bubble exponentials return to their initial trend (dotted line) this metric could be expected at values between 2.3 and 2.6 approx. Similarly, being long-term, this analysis could be completed in a period of more than 6 months or even more than a year.