Short term conditions :
VXN momentum reversal
Reversal on Discretionary v Staples
Pullback of NDQ Breadth
Dollar bounce off 50MA support
Good for a short term consolidation into August 10 CPI Readings. Expectation for inflation top to be confirmed and provide enough momentum to break neckline on Inverse hs on QQQs for a run to 340
Looking to re-position long between 12000-12500
VXN momentum reversal
Reversal on Discretionary v Staples
Pullback of NDQ Breadth
Dollar bounce off 50MA support
Good for a short term consolidation into August 10 CPI Readings. Expectation for inflation top to be confirmed and provide enough momentum to break neckline on Inverse hs on QQQs for a run to 340
Looking to re-position long between 12000-12500
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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.
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.