Word of day: Tariffs. As we all know the market entered correction territory. Now it is confirmed; The reason why investors were sitting with huge pile of cash. Now to the point, why do i think we rally from here? From a fundamental point of view the economy it's setup for a BOOM. From lower energy prices, lower taxes, D.O.G.E (Getting rid of wasteful spendings), tariffs (which makes our country rich), deregulations, To top 100 companies investing billions of dollars in the U.S (They will pay U.S taxes and add thousands of jobs) And when the president of the U.S openly tells wall street to invest in the U.S we shouldn't take that lightly. I mean... only a few short weeks in office we are already seeing result when it comes to lower inflation, lower egg prices, and gas prices. In my opinion, this puts Jerome Powell in a position were he will be forced to lower interest rates. Now from a technical perspective, we can see how the NQH5 found support at this FVG, now of course we are probably ranging due to FOMC meeting 7 days from now which is typical for the markets to consolidate ahead of the fed's decision. But see how everything aligns with a bullish bias (Too many confluences) Fundamental: Bullish, Technical: Bullish , Sentiment: OPTIMISIMS.
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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.