NASDAQ - Renewed Worries (until Friday's Exam) 😾
NASDAQ is an asset i monitor frequently. For some the most important index (for the vast majority that would be the S&P500).
End of June last year i calculated the Top at 16,300. It finally ended up retracing at 16600 (close but no cigar as I like to say):
More recently there was cigar (not just close but precisely) and i started yelling that the 'Markets will rise faster than anticipated' and that 'Hikes shmikes Nasdaq will rise next'
Biden's 'signal' that the US would attempt a market rebound (China/tariffs statement) also strengthened my sentiment/analysis but finally Braiden (Brandon or Biden) ended uip being simply Brandon: Taiwan situation is adding to geopolitical worries.
There is one fear I have and it will generate opportunities: The financial schisma that is in play (SCHISMA means 'split/divide').
A new cold war could mean the world could be split in 2 'camps'. The West and the East.
FRIDAY'S BIG TEST:
NFP Report (US Employment data) on Friday will be VERY important. For reasons I have explained before:
www.tradingview.com/...loyment-Will-be-Key/
Hopefully Friday's Report will be good and the rebound can continue but until then I would be surprised to see a new rise. Most likely a dead cat bounce is in play here.
My technical analysis is on the chart, take a look and feel free to comment/like.
One Love,
the FXPROFESSOR
ps. either we like it or not the crypto market is correlated to what happens with indices. Be aware, do your research and make your own decisions. No financial advise, just humble opinions here.
End of June last year i calculated the Top at 16,300. It finally ended up retracing at 16600 (close but no cigar as I like to say):
More recently there was cigar (not just close but precisely) and i started yelling that the 'Markets will rise faster than anticipated' and that 'Hikes shmikes Nasdaq will rise next'
Biden's 'signal' that the US would attempt a market rebound (China/tariffs statement) also strengthened my sentiment/analysis but finally Braiden (Brandon or Biden) ended uip being simply Brandon: Taiwan situation is adding to geopolitical worries.
There is one fear I have and it will generate opportunities: The financial schisma that is in play (SCHISMA means 'split/divide').
A new cold war could mean the world could be split in 2 'camps'. The West and the East.
FRIDAY'S BIG TEST:
NFP Report (US Employment data) on Friday will be VERY important. For reasons I have explained before:
www.tradingview.com/...loyment-Will-be-Key/
Hopefully Friday's Report will be good and the rebound can continue but until then I would be surprised to see a new rise. Most likely a dead cat bounce is in play here.
My technical analysis is on the chart, take a look and feel free to comment/like.
One Love,
the FXPROFESSOR
ps. either we like it or not the crypto market is correlated to what happens with indices. Be aware, do your research and make your own decisions. No financial advise, just humble opinions here.
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🌐FOREX SPECIAL: fxprofessor.com/forex-special 💡💙💬 Public Telegram: www.t.me/fxprofessor88 💎
