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After the 90-day pause of the tariffs, NQ should consolidate in the ST (2-3 days) before resuming the fundamental downtrend.
The effect of CPI and PPI will be very limited whatsoever the data. However Consumer data will trigger the downtrend if this data is undershoot. Otherwise, consolidation will prevail.
The blue box should delimitate the consolidation area.
After the 90-day pause of the tariffs, NQ should consolidate in the ST (2-3 days) before resuming the fundamental downtrend.
The effect of CPI and PPI will be very limited whatsoever the data. However Consumer data will trigger the downtrend if this data is undershoot. Otherwise, consolidation will prevail.
The blue box should delimitate the consolidation area.
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Related publications
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.