Nasdaq RalliesAs I had written in the 2024 forecast for equities, I continue to expect support from Fed commentary until or unless they have little choice. Given the state of global markets, with worry in China and Europe along with Japan recently going into recession, hawkish talk from the U.S. Central Bank could open up a host of problems that would be difficult to deal with down-the-road.

Technically we can see price fair to break previous house & close with a Day bearish engulf candle stick which indicates that's there are strong sellers coming in!!!

Pay attention to price action and the set up on the charts.


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