FA
-Bullish factor:
FED is considering a $600 billion loan package for corporations/ companies with up to 10 000 employees or sales up to $2.5 billion in 2019.
GOOG earnings beat revenue 41.16 vs 40.2, but miss expectation on EPS 9.87 vs 10.38. This lead to a spike in google stock as well as a bullish factor in NASDAQ.
This is matters because Alphabet is one of the 5 stocks which have a huge impact on current stock indexes (DJI, SPX, NASDAQ).
-Bearish factor:
GDP will be released at 8:30 AM.
Speculative buying leading to overpriced. The entire stock market rally is based on "hope".
People will take profit from this spike.
TA
-Open high, close low.
-A short squeeze up is expected
-NASDAQ has been above the 0.618 Fibonacci for a while due to speculative buying on tech stocks. So when it drops, it will drop harder.
-RSI lower-high, contrasting the stock market.
-Breaking 8900 levels is possible. Until then, please be patient before opening a short position.
Good luck and thank you.
-Bullish factor:
FED is considering a $600 billion loan package for corporations/ companies with up to 10 000 employees or sales up to $2.5 billion in 2019.
GOOG earnings beat revenue 41.16 vs 40.2, but miss expectation on EPS 9.87 vs 10.38. This lead to a spike in google stock as well as a bullish factor in NASDAQ.
This is matters because Alphabet is one of the 5 stocks which have a huge impact on current stock indexes (DJI, SPX, NASDAQ).
-Bearish factor:
GDP will be released at 8:30 AM.
Speculative buying leading to overpriced. The entire stock market rally is based on "hope".
People will take profit from this spike.
TA
-Open high, close low.
-A short squeeze up is expected
-NASDAQ has been above the 0.618 Fibonacci for a while due to speculative buying on tech stocks. So when it drops, it will drop harder.
-RSI lower-high, contrasting the stock market.
-Breaking 8900 levels is possible. Until then, please be patient before opening a short position.
Good luck and thank you.