NASDAQ - Is the stock market alive now?
NASDAQ. US100.
Under technical terms, and by using the principles of the Elliott Wave Theory, the market is likely to remain bearish for a longer duration after making a correction bullish wave. The previous move can be termed as wave 1 consisting of 5 sub-waves, and we can expect a corrective pattern up to 50% - 61.8% fib. level.
We can also assume that there is a lot of fear in the stock market in this current situation. Because of this, investors may start selling off at the technical levels. Furthermore, we have been expecting an interest rate hike this year (actually multiple times?), and we might get to see that happen soon.
While the market may go up in the next few weeks (corrective move?), there are far more reasons for a decline in the coming months.
Manage risk while trading / Investing.
This analysis is based on the Elliott Wave Theory and the current fundamentals with some expectations/assumptions.
Under technical terms, and by using the principles of the Elliott Wave Theory, the market is likely to remain bearish for a longer duration after making a correction bullish wave. The previous move can be termed as wave 1 consisting of 5 sub-waves, and we can expect a corrective pattern up to 50% - 61.8% fib. level.
We can also assume that there is a lot of fear in the stock market in this current situation. Because of this, investors may start selling off at the technical levels. Furthermore, we have been expecting an interest rate hike this year (actually multiple times?), and we might get to see that happen soon.
While the market may go up in the next few weeks (corrective move?), there are far more reasons for a decline in the coming months.
Manage risk while trading / Investing.
This analysis is based on the Elliott Wave Theory and the current fundamentals with some expectations/assumptions.
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.
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.