US100 On Friday, we tested and rejected asc trendline of the bullish trend that started mid 2022 and ended with ATH (the break of the trendline suggests change of trend), which at the same time tested a 65% (golden pocket) retracement of the recent move, indicating a possible resistance area after this strong rebound.
The fundamentals may suggest bearish but the technicals say bullish
It might make sense, it might not.
Is your job to decode the narrative or is your job to make money riding the CURRENT trend in the right direction as long and as often as possible?
Fake Pump, real Pump….if you got in and out and you made money it was the right pump.
I personally won’t accept the narrative that getting stopped out or holding massive drawdowns is acceptable because the PA didn’t match your perception of the narrative or technicals.
NAS100USD Forgot to mention, because most of all you must know I'm sure, that the recent economic data inc jobs and company earnings are lagging.
Because the de minimis exemption, as it’s known, allowed shipments of goods worth $800 or less to come into the United States duty-free ended midnight. Most companies stocked up on items.. Hence needed more hiring short term, but wait for the report.. Numbers will drop drastically... Plus as these items reduces, the price will increase.. Which don't bode well for GDP..
So all in all, in my opinion.. This week has again been a pump before the dump.. And of course pumping the market causes fomo.. The reality of it all will come through but dont expect ATH on the nasdaq i really dont and cant see it... Lots of uncertainty ahead.
NAS100 The fed has to do deal with stagflation that's a recession with high inflation. The fed now has to deal with potential high job losses or stagnant wages and at the same time higher prices.
Cut rates and you risk increased inflation.
Raise rates and you risk higher job losses.. Slowing demand.
Do nothing.. You can potentially be behind the curve increasing the risk prolonging the time it takes to come out of stagflation.
I wouldn't like to be sitting right now in the chair of the fed right.. He really has to tough decision, especially with Trump breathing down and the Tarrifs which accelerated the usa into a stagflation scenario.
Ask any most trump supporter about tarrifs.. And they all support him, then ask them who is paying for the price difference and they have no idea as they think the exporters do... 😂😂😂😂. Oh bless them..
NAS100USD pre-market i mentioned " it would not be surprising to see a small rally then the market taking risk off into the weekend in volatile times." Another straight forward days trading.
NAS100 I did miss 1,2% of the 2% Highs of nas. therefor what a shitty day. Those 1,2% from morning before opening, then the sudden straight candle on "news".
NAS100 time to turn this circus off for the weekend folks, too much dancing around the same table for last few hours. Makes me dizzy…enjoy your downtime
US100 On Friday, we tested and rejected asc trendline of the bullish trend that started mid 2022 and ended with ATH (the break of the trendline suggests change of trend), which at the same time tested a 65% (golden pocket) retracement of the recent move, indicating a possible resistance area after this strong rebound.
