FA Analysis:
ST/MT/LT Outlook: Sell
1- Tariffs came into effect on April 2nd and market reacted badly to it. This was completely expected.
2- NFP data came green but market ignored it and continued the sell-off. This tells you the fundamental change in market expectations vis-a-vis US market! So bad data will be bad for equities and good data will be also bad.
3- This week, we've CPI, PPI and Consumer sentiment as major key data. They'll be fuel to the current fire.
4- The FED was tacit and still data related. The FED is running a risk of a late intervention!
5- Additional retaliations from the rest of the world are also expected. USA is isolating itself from the world economy; the damage is here to stay even if Trump cancel those tariffs or deregulate or cut taxes.
TA Analysis:
Weekly TF:
We got a strong bearish weekly close. A gap down should be added to the weekly candle.
A continuation down is expected.
Daily TF:
NQ provided one of the largest daily candle. Market was down until the last minute Friday! There is no interest to buy the dip at all!
A gap down is expected.
In the case of a gap, price might close the gap and continue down.
Hope we get some retrace to join the sell side during NY session.
Happy week with a lot of green pips!
ST/MT/LT Outlook: Sell
1- Tariffs came into effect on April 2nd and market reacted badly to it. This was completely expected.
2- NFP data came green but market ignored it and continued the sell-off. This tells you the fundamental change in market expectations vis-a-vis US market! So bad data will be bad for equities and good data will be also bad.
3- This week, we've CPI, PPI and Consumer sentiment as major key data. They'll be fuel to the current fire.
4- The FED was tacit and still data related. The FED is running a risk of a late intervention!
5- Additional retaliations from the rest of the world are also expected. USA is isolating itself from the world economy; the damage is here to stay even if Trump cancel those tariffs or deregulate or cut taxes.
TA Analysis:
Weekly TF:
We got a strong bearish weekly close. A gap down should be added to the weekly candle.
A continuation down is expected.
Daily TF:
NQ provided one of the largest daily candle. Market was down until the last minute Friday! There is no interest to buy the dip at all!
A gap down is expected.
In the case of a gap, price might close the gap and continue down.
Hope we get some retrace to join the sell side during NY session.
Happy week with a lot of green pips!
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.
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.