Good day!
Yesterday candle was bearish, Is it the end of the upper move?
All will depend on today's data and rumors from WH.
1- Undershoot data: Very bad for equities and NQ starts its Wave 3. But keep in mind, an undershoot also means FED will cut and free money will be on the table which is positive equities.
2- Inline: Bad for equities as FED rate cut and free money chances will decrease. In this case, price might continue its consolidation.
3- Overshoot: Good for equities and NQ might reach 21000. In this scenario, Fed rate cut will be out from June meeting.
Regarding WH rumors, it seems tariffs deals are imminent or underway. I already mentioned here few times that the 90-day pause will become an eternity pause. This seems a major change. But in my view it won't be a sustainable or durable change as all countries lost confidence in US.
Until the rumor becomes a fact, I maintain the same plan for ST/MT/LT: Sell.
GL!
Yesterday candle was bearish, Is it the end of the upper move?
All will depend on today's data and rumors from WH.
1- Undershoot data: Very bad for equities and NQ starts its Wave 3. But keep in mind, an undershoot also means FED will cut and free money will be on the table which is positive equities.
2- Inline: Bad for equities as FED rate cut and free money chances will decrease. In this case, price might continue its consolidation.
3- Overshoot: Good for equities and NQ might reach 21000. In this scenario, Fed rate cut will be out from June meeting.
Regarding WH rumors, it seems tariffs deals are imminent or underway. I already mentioned here few times that the 90-day pause will become an eternity pause. This seems a major change. But in my view it won't be a sustainable or durable change as all countries lost confidence in US.
Until the rumor becomes a fact, I maintain the same plan for ST/MT/LT: Sell.
GL!
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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.
Related publications
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.