Nasdaq 100 IndexLong
$NDX WHAT A DIFFERENCE A FEW DAYS & TWEETS MAKE.
THANKFULLY THE NASDAQ FOUND SUPPORT, BUT FOR HOW LONG WILL THAT CONTINUE. THE WALL OF WORRY REMAINS THE SAME, WITH THE ONLY EXCEPTION BEING THAT MEXICO IS SOMEWHAT OUT OF THE FIRING LINE. THE MARKET HAS PRACTICALLY DECIDED THAT THE FED WILL CUT RATES AS EARLY AS JUNE, IF THAT DOES NOT HAPPEN THE NASDAQ WILL BE HEADING INTO A MUCH DEEPER CORRECTION. WE WILL BE TAKING ACTION BY HEDGING OUR POSITIONS AND CLOSING SOME TRADES TO GATHER CASH READY TO STEP BACK INTO THE MARKET, LONG OR SHORT. THE NEXT BIG TESTS WILL BE THE REATRACE LEVELS ON THE WAY BACK TO ATH LEVELS. WE ALSO KEEP IN MIND THAT OFTEN THE BIGGEST RALLIES OCCUR IN A BEAR MARKET.
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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.