Time Ripe Sell NASDAQ July 31st
Updated
NASDAQ today is off 1% in 5 minutes trading, seemingly on news of FED benchmark rate cut.
FED cutting rates to sustain saturated market prices, increase stock market demand around all-time-highs. It wouldn't be too much to assume because stock (and debt) demand before wasn't adequate to liquidate enough despite prices being so high.
Dow Jones Industrial Average led the downside of the major US stock market indexes today which is a powerful sign for bears of a pullback.
July 31st NASDAQ composite quote $8,175, target $7,800 for a 4.8% difference. Trade/outlook duration 1-6 months.
FED cutting rates to sustain saturated market prices, increase stock market demand around all-time-highs. It wouldn't be too much to assume because stock (and debt) demand before wasn't adequate to liquidate enough despite prices being so high.
Dow Jones Industrial Average led the downside of the major US stock market indexes today which is a powerful sign for bears of a pullback.
July 31st NASDAQ composite quote $8,175, target $7,800 for a 4.8% difference. Trade/outlook duration 1-6 months.
Trade closed: target reached
August 5th, Success! Target reached well within the trade outlook of 1-6 months, it only took 3 trading days, 5 days! Latest quote NASDAQ happens to be $7,799! I am amazed.
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