Hmm... maybe I was a bit hasty to sell my PUTs
Time will tell.
FED said today nothing that should have startled anyone, but sometimes all you need is price action to be in place when a catalystic event happens.
Is this going to correct now? Not sure. DJI fell to close 2% lower today.
Europe and UKX has already been on a fall for a week long. Maybe they will be a leading indicator. Perhaps front running the DJI by a week.
It's not to say Nasdaq/Tech sector has to come down with it, but it probably will be somewhat effected if it corrects, but I believe tech stays relatively stronger going forward into the weeks ahead.
FED said today nothing that should have startled anyone, but sometimes all you need is price action to be in place when a catalystic event happens.
Is this going to correct now? Not sure. DJI fell to close 2% lower today.
Europe and UKX has already been on a fall for a week long. Maybe they will be a leading indicator. Perhaps front running the DJI by a week.
It's not to say Nasdaq/Tech sector has to come down with it, but it probably will be somewhat effected if it corrects, but I believe tech stays relatively stronger going forward into the weeks ahead.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.