Last year when Trump annouced tarrifs ,whole world went into shock and we have witnessed some of the biggest drops in capital markets around the world. That drop bottomed out after breaking below SMA 200, then formation head and shoulders pattern toward new highs.
Now this time, similarity of US IRAN war with Liberation Day is uncanny. Nas dropped and closed below SMA200, head and shoulder pattern formed and now above SMA 200. Timing of these two events are also similar and alligned with long term seasonals patterns.
Moving Forward, I'm expecting new highs given de-escaltion and AI Capex spending increase will drive this leg towards new highs. Last week COT data also indicate longs increase while we are witnissing the heat of war. Seasonality alligned with this movement and we can expect further momentum in NAS
Now this time, similarity of US IRAN war with Liberation Day is uncanny. Nas dropped and closed below SMA200, head and shoulder pattern formed and now above SMA 200. Timing of these two events are also similar and alligned with long term seasonals patterns.
Moving Forward, I'm expecting new highs given de-escaltion and AI Capex spending increase will drive this leg towards new highs. Last week COT data also indicate longs increase while we are witnissing the heat of war. Seasonality alligned with this movement and we can expect further momentum in NAS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.