Welcome to the jungle
Updated
Drama incoming. Nasdaq stonks not liking the US10Y.
Green arrow path from previous two moves up suggests there could be an exit coming for stonks, as this cools off. I think we'll touch 1.9 - 2 which is the 200MA on the weekly. And then a pull back to 1.1 - 1.5 before things get ugly for stonks.
Good luck traders.
Green arrow path from previous two moves up suggests there could be an exit coming for stonks, as this cools off. I think we'll touch 1.9 - 2 which is the 200MA on the weekly. And then a pull back to 1.1 - 1.5 before things get ugly for stonks.
Good luck traders.
Note
Didn't add the timeline - sorry.Don't panic just yet, if the time cycles play out, the high risk period is around summer of 2022!
Swing till then. I am.
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