U.S.A AI stocks view
-Uptrend completed/Uptrend matured
-Short//sell on rise
-Book your long term portfolio profits.
Nasdaq & Dow Jones View
-Uptrend completed
-Sell on Rise
Overall U.S Market scenario seems BEARISH & RISKY for long term.
-VALUATION Issues specifically in AI Stocks.
Nasdaq has completed 161.8% & Dow Jones 127% of retracement.
Now both trading below above retracement levels & 9 Day SMA
Nasdaq has broken 144.4% downside.
CMP NASDAQ Futures 24830
DOW JONES Future 46715
Conclusion-
A clear downtrend has started if Indexes breaks 50 Day SMA be cautious for more downtrend.
Book your Long term Portfolios & sit on Cash
Sell/Short on Rise.
-Uptrend completed/Uptrend matured
-Short//sell on rise
-Book your long term portfolio profits.
Nasdaq & Dow Jones View
-Uptrend completed
-Sell on Rise
Overall U.S Market scenario seems BEARISH & RISKY for long term.
-VALUATION Issues specifically in AI Stocks.
Nasdaq has completed 161.8% & Dow Jones 127% of retracement.
Now both trading below above retracement levels & 9 Day SMA
Nasdaq has broken 144.4% downside.
CMP NASDAQ Futures 24830
DOW JONES Future 46715
Conclusion-
A clear downtrend has started if Indexes breaks 50 Day SMA be cautious for more downtrend.
Book your Long term Portfolios & sit on Cash
Sell/Short on Rise.
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.