Many believe the current correction in the market is due to uncertainty about raising the debt ceiling by October 18, 2021.
Keep this in mind The Congress, Senate, and the Oval office are in democrats' control, which makes it very unlikely that they fail to do that.
I believe if the same correction pattern continues, NASDAQ 100 could go down another -4.8% by October 18-20! which makes it an -12.1% correction in total!
This NASDAQ 100 regression channel should be considered valid until NASDAQ 100 closes above or below it.
Regression channel setting (close,-2- 2 stdev)
I will calmly monitor this for the extra bargain in the coming days!
Moshkelgosha
Keep this in mind The Congress, Senate, and the Oval office are in democrats' control, which makes it very unlikely that they fail to do that.
I believe if the same correction pattern continues, NASDAQ 100 could go down another -4.8% by October 18-20! which makes it an -12.1% correction in total!
This NASDAQ 100 regression channel should be considered valid until NASDAQ 100 closes above or below it.
Regression channel setting (close,-2- 2 stdev)
I will calmly monitor this for the extra bargain in the coming days!
Moshkelgosha
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.