Short
NASDAQ
NASDAQ has hit a strong demand level and now conducting a pullback.
Since the NASDAQ is very reactive to bond yields and DXY movements
The Next FOMC is 14-15 June 2022, FED has stated next two meetings will be 50 basis points for each meeting (0.50%) increase
but looking at other information I have there rates at 110 points for June and higher for next meeting
This would reflect the overall market sentiment and IMF statements that a global downturn is coming during 2022-2023
That being the case once the pullback is completed will have a nice setup to short to next demand level as highlighted
Since the NASDAQ is very reactive to bond yields and DXY movements
The Next FOMC is 14-15 June 2022, FED has stated next two meetings will be 50 basis points for each meeting (0.50%) increase
but looking at other information I have there rates at 110 points for June and higher for next meeting
This would reflect the overall market sentiment and IMF statements that a global downturn is coming during 2022-2023
That being the case once the pullback is completed will have a nice setup to short to next demand level as highlighted
Note
Working to planWith Fed being more hawkish anticipate will hit target by Dec
Downgrades during earnings will help it drop lower
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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.