financialflagship

NASDAQ 100 (US100) – Week 24 – FOMC to impact Wall Street?

Short
CURRENCYCOM:US100   NASDAQ 100
Fundamental overview:

U.S. stocks fell slightly on Tuesday as the Nasdaq Composite slipped from its new all-time high, with investors waiting for the key FOMC monetary policy meeting.
Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that Powell could spark a big sell-off in risk assets if he doesn’t do a good job of signaling a taper in the Fed’s monthly asset buying.

Technical overview:

As we forecasted in our previous analysis, Nasdaq made a new all-time high on Monday.
The next move expected is a bearish one towards the support area at least, but this might happen after a final small bullish rally. In any case, we will only focus on the sell setups.
We advise caution, as the market will most probably be unstable due to the FOMC meeting.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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Comments

Thanks for sharing, bro!
+1 Reply
@Investroy you're welcome mate! 🙌
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Good idea
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@Daved-jone, Thanks a lot mate :)
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Excellent job here, Same idea, Thanks for sharing🔥
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financialflagship FieryTrading
@FieryTrading, Most welcome! 🙌
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Good job++
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@James_mesut, Thank you :)
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Good job pal
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@Sobhan_23 thanks mate 😊
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