US100 seems to me this is only being kept up by Tesla and the whole Elon Musk and Trump situation. Nvidia could likely have had its all time top and this marking the day of the AI crash starting. By the way many of the other AI companies started their declines months ago. I am short here with all my trading allocation. All the other big tech stocks looks ready to drop too. Microsoft with the clearest picture. Look at Europe and Asia. Their markets are showing clear signs of having already topped. Let’s see how it closes. Usually late Friday is good for a sell off. Or does this craziness keep going for a little longer.
I took no entries today because I was concerned that the price was still trading a bit high and I want to see a deeper retracement before taking any additional buys especially on a Friday.
The HL (Zig) point was signaled on the H1/H2 was valued at about 1300 pips from the new ATH, not a big incentive for me to take that buy when I know a better setup will come.
Right now we are in full consolidation mode.
Price will continue bouncing around before making that final statement.
Enjoy the weekend...
I should be posting the weekly analysis on youtube for next week by Sunday Morning (If time permits)