NASDAQ Q3 FORECAST '23
Updated
I am expecting a rise in the dxy so this meets my confluence
As for when the bullish continuation will take place i surmise the resistances
In purple but where orange and purple meet im expecting greater resistance there
But what I'm looking for would be the last purple resistances
Why???
1. Pause will be followed by more rate hikes
2. Inflation is still existent
3. Household spending will exceed wages
4. Wages are exceeded by inflation
Let me hold my tounge I haven't checked the big 5's books of accounts
Maybe sales are up and business is booming so I leave with this
Like comment opinionate and follow if you want updates
As for when the bullish continuation will take place i surmise the resistances
In purple but where orange and purple meet im expecting greater resistance there
But what I'm looking for would be the last purple resistances
Why???
1. Pause will be followed by more rate hikes
2. Inflation is still existent
3. Household spending will exceed wages
4. Wages are exceeded by inflation
Let me hold my tounge I haven't checked the big 5's books of accounts
Maybe sales are up and business is booming so I leave with this
Like comment opinionate and follow if you want updates
Note
14685.53 SHORT TP1 HITI see a long setup maybe pullback which will be followed by a bearish contunuation or maybe a reversal
Note
So caught the long at my shorts tp1 and am still deciphering wether its a pullback or reversal anybody following what do you think considering how the dxy looks it might be a pullback 🤑🤑🤑 not my typa emoji but yeah let the bear market resume is my wish share your thoughtsNote
SO PROFIT ON THE LONG YEAH BUT MY PERSPECTIVE SAYS LOWER HIGH THIS ONE MORE SHORTS BABY🤑🤑🤑🤑Note
so the prior pyramid failed but price is going to double bottom
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