Both technical and fundamental aspects align in this view:
The US markets bull may be ending soon and range have just begun.
Watch video for its technical reason.
For its fundamental -
There are 2 key areas of concern from Jerome Powell and he has been consistent with his statement in almost all the meetings:
1. Inflation -
“Inflation remains well above our longer-run 2 percent goal.” from Jerome Powell
My take: Current 4% is still double from 2% goal
2. Banking crisis -
“we haven't really… we don't know the full extent of of the consequences of the banking turmoil that we've seen.” from Jerome Powell
My take: 2007 started with 3 failed banks follow-by 25 failed banks in 2008
Reference for trading in Nasdaq:
CME E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $5.00
CME Micro E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com/cme/
The US markets bull may be ending soon and range have just begun.
Watch video for its technical reason.
For its fundamental -
There are 2 key areas of concern from Jerome Powell and he has been consistent with his statement in almost all the meetings:
1. Inflation -
“Inflation remains well above our longer-run 2 percent goal.” from Jerome Powell
My take: Current 4% is still double from 2% goal
2. Banking crisis -
“we haven't really… we don't know the full extent of of the consequences of the banking turmoil that we've seen.” from Jerome Powell
My take: 2007 started with 3 failed banks follow-by 25 failed banks in 2008
Reference for trading in Nasdaq:
CME E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $5.00
CME Micro E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com/cme/
konhow@weipedia.com