I applied Renko chart to weekly trend of Fed Fund Rates and drew a trend line on the past pivot highs. It looks like the normalisation of interest rate will end at near 3%...
If Fed continues to raise interest rate for coming year, I think there is a higher chance for unemployment rate to hit bottom. Let's see...
ESc1 weekly chart for reference. A short-term rebound is likely to happen soon... Short cover first and wait for a good level to entry again.
CME_MINI:NQ1! The worst month for the tech stocks since 2008...! The long bull trend finally ended on Oct 2018 and it seems like the the correction cycle will last for a long while before it ends. Will see a short-term technical correction for the Nasdaq futures at below 6000 amid oversold for the last few days, let's see...