Charting
NDX
With a 7% inflation is kind of a challenge, stock market doesn't like high inflation. However, a traders job is to react not to predict.
Based on current price action and the rejection we are currently encountering off the lower wedge of the corrective channel, there are some evidences for a push higher targeting 16,200. Beyond that? is hard to say, it needs to be taken step by step.
Any breakdown to 15150 is a scenario changing.
Follow and like for more updates...
#AHMEDMESBAH
NDX
With a 7% inflation is kind of a challenge, stock market doesn't like high inflation. However, a traders job is to react not to predict. Based on current price action and the rejection we are currently encountering off the lower wedge of the corrective channel, there are some evidences for a push higher targeting 16,200. Beyond that? is hard to say, it needs to be taken step by step.
Any breakdown to 15150 is a scenario changing.
Follow and like for more updates...
#AHMEDMESBAH