Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me. All major stock indexes including NASDAQ100 S&P500 , NASDAQ Composite , and Russel 2000 are at the bottom of their uptrend channels.
They could all break down, but it seems very unlikely as all asset managers are significantly bearish going into support. When we finally rally these guys are going to be force buyers the whole way up. Initial jobless claims are trending down since its peak in July. PPI which leads CPI has also dropped significantly the last two months. Asset managers are betting on a recession that isn't coming. The Fed hikes rates into a strong economy. They drop rates in a weak economy. When you see the Fed pause hikes and consider dropping rates, that's when you get scared.