It looks like the bullish sentiment is back in the markets baby! However bad the past year was, the big dawgs don’t seem to care.
Could it be the reopening of China and the outlook of new capital inflows? Is it inflation that's cooling off, while economic conditions are loosening?
What lurks underneath is far more interesting. As we know by now, a reopening means a spike in Inflation. which was evidently shown in the EU and US, so is China next to follow?
From here, we extrapolate if we're safe to throw all our capital at the markets and if that would do us any good...
- Starting off with the weekly chart, again, a wonderful bullish move bouncing off the support line of the channel as well as gaining its footing above our precious 200 SMA.
Not only on the weekly, but also on the 4H charts, which we'll get into down the line.
NAS100
- Its more apparent on the NASDAQ that the market could JUST grasp above the moving support/resistance and so this can erupt a battle for the 200 sma on the weekly chart, this coming week.
A move below, followed by an uplift would force the buyers towards the upper channel resistance in the coming weeks.
NAS100
- As I'm regarding the past months' breakout to the downside as a fake out, which mostly ends up flipping the scenario and doing the same thing on the opposite side of the said channel...
I'm more inclined to get bullish in this kind of environment, until the market gives us a clear path towards a potential downside. By breaking out of this pullback and therefore the channel.
NAS100
If you like what you see, make sure to put some call options on the REP.
Could it be the reopening of China and the outlook of new capital inflows? Is it inflation that's cooling off, while economic conditions are loosening?
What lurks underneath is far more interesting. As we know by now, a reopening means a spike in Inflation. which was evidently shown in the EU and US, so is China next to follow?
From here, we extrapolate if we're safe to throw all our capital at the markets and if that would do us any good...
- Starting off with the weekly chart, again, a wonderful bullish move bouncing off the support line of the channel as well as gaining its footing above our precious 200 SMA.
Not only on the weekly, but also on the 4H charts, which we'll get into down the line.
NAS100
- Its more apparent on the NASDAQ that the market could JUST grasp above the moving support/resistance and so this can erupt a battle for the 200 sma on the weekly chart, this coming week.
A move below, followed by an uplift would force the buyers towards the upper channel resistance in the coming weeks.
NAS100
- As I'm regarding the past months' breakout to the downside as a fake out, which mostly ends up flipping the scenario and doing the same thing on the opposite side of the said channel...
I'm more inclined to get bullish in this kind of environment, until the market gives us a clear path towards a potential downside. By breaking out of this pullback and therefore the channel.
NAS100
If you like what you see, make sure to put some call options on the REP.