US 100 Cash CFDShort
A healthy retrace
1- What a day yesterday! The bloodbath is not completed yet! Today is the end of D/W/M and it will be another huge red candle; another 800-900 points to the downside!
2- I was wrong about a retrace up; NVDA results were not sufficient to attract buyers. Market is pricing in the slowing down of US economy with a real risk of recession; all macro-data were bad recently.
3- This was fueled by US Tariffs.
4- Core PCE data came inline but higher than the previous reading.
On the other hand, Trump mentioned the tax cuts which is very good for equities. Hence, this sell-off is not so bad; it's very healthy for the next move up. I will come back to this point during the Monthly/Weekly Analysis.
2- I was wrong about a retrace up; NVDA results were not sufficient to attract buyers. Market is pricing in the slowing down of US economy with a real risk of recession; all macro-data were bad recently.
3- This was fueled by US Tariffs.
4- Core PCE data came inline but higher than the previous reading.
On the other hand, Trump mentioned the tax cuts which is very good for equities. Hence, this sell-off is not so bad; it's very healthy for the next move up. I will come back to this point during the Monthly/Weekly Analysis.
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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.