US 100Long
US100 Crashing!?
The recent volatile moves on Nasdaq hurt a lot of traders P & L while losses are part of investment it is always good to try and figure out what is causing this recent reaction.
With rate cuts coming in the US fear has traders pulling out or rather taking profits on the recent bull rally we were in, i don't really think it is a sign for a reversal. We are more than half way through the year 2024 and really we'll end off the year with the Nas at new all time high.
Tech companies have been doing really well if rate cuts help big companies to takeout loans at affordable they will in turn see bigger earnings.
Whats the plan now you might as, it is very simple, i will be buying the dip, more than often indices give really good bullish rallies. I'll remain ullish unless some new data is available
With rate cuts coming in the US fear has traders pulling out or rather taking profits on the recent bull rally we were in, i don't really think it is a sign for a reversal. We are more than half way through the year 2024 and really we'll end off the year with the Nas at new all time high.
Tech companies have been doing really well if rate cuts help big companies to takeout loans at affordable they will in turn see bigger earnings.
Whats the plan now you might as, it is very simple, i will be buying the dip, more than often indices give really good bullish rallies. I'll remain ullish unless some new data is available
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