A Trendless Market..!
After that fast and fury market in January 2022, in February market is calm and trendless..!
If you are looking at Tesla as the asset with the highest liquidity in the market, it is locked up in a 6% range and has no 2 green days in a row..!
NASDAQ 100 and S&P 500 are experiencing the same situation..!
According to the Bank of America Global Research:
The YTD SPX correction from early January into late January was 9.8% on a daily closing
price basis. The midterm year data suggest the risk for more downside to come. 17 out
of the prior 21 midterm years (80%) had SPX corrections greater than 9.8%. 15 out of
these years (71%) had corrections of 15% or more. Nine out of the 21 midterm years
(43%) had corrections of at least 20%.
So this means we are in the silence before the storm phase..!
Because
March 15-16 is the next FOMC and they are going to decide about interest rate ..!
Everyone looking forward to a rate hike, how much that would be??? No one knows..!
If you are looking at Tesla as the asset with the highest liquidity in the market, it is locked up in a 6% range and has no 2 green days in a row..!
NASDAQ 100 and S&P 500 are experiencing the same situation..!
According to the Bank of America Global Research:
The YTD SPX correction from early January into late January was 9.8% on a daily closing
price basis. The midterm year data suggest the risk for more downside to come. 17 out
of the prior 21 midterm years (80%) had SPX corrections greater than 9.8%. 15 out of
these years (71%) had corrections of 15% or more. Nine out of the 21 midterm years
(43%) had corrections of at least 20%.
So this means we are in the silence before the storm phase..!
Because
March 15-16 is the next FOMC and they are going to decide about interest rate ..!
Everyone looking forward to a rate hike, how much that would be??? No one knows..!
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