This is what Im gauging on the NAS100, as well as the Dow Jones and SnP500 (even though the charts aren't presented).
Technically, I see a 4H QM which sets the high, with the lows not giving the same HTF strength that the highs have given. We've got a nice trading range as price hasn't realigned for the stocks to show its true bullish direction to the ATHs, meaning I see this huge sell off continue until those lows have been ran. I see price printing lower.
Fundamentally, I like to think of the worst case scenario for Trump and the season we're in currently, its made me nice trades. Lets see
Technically, I see a 4H QM which sets the high, with the lows not giving the same HTF strength that the highs have given. We've got a nice trading range as price hasn't realigned for the stocks to show its true bullish direction to the ATHs, meaning I see this huge sell off continue until those lows have been ran. I see price printing lower.
Fundamentally, I like to think of the worst case scenario for Trump and the season we're in currently, its made me nice trades. Lets see
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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.