Nasdaq: Bull ended, range just begun
Both technical and fundamental aspects align in this view:
The US markets bull may be ending soon and range have just begun.
Watch video for its technical reason.
For its fundamental -
There are 2 key areas of concern from Jerome Powell and he has been consistent with his statement in almost all the meetings:
1. Inflation -
“Inflation remains well above our longer-run 2 percent goal.” from Jerome Powell
My take: Current 4% is still double from 2% goal
2. Banking crisis -
“we haven't really… we don't know the full extent of of the consequences of the banking turmoil that we've seen.” from Jerome Powell
My take: 2007 started with 3 failed banks follow-by 25 failed banks in 2008
Reference for trading in Nasdaq:
CME E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $5.00
CME Micro E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
The US markets bull may be ending soon and range have just begun.
Watch video for its technical reason.
For its fundamental -
There are 2 key areas of concern from Jerome Powell and he has been consistent with his statement in almost all the meetings:
1. Inflation -
“Inflation remains well above our longer-run 2 percent goal.” from Jerome Powell
My take: Current 4% is still double from 2% goal
2. Banking crisis -
“we haven't really… we don't know the full extent of of the consequences of the banking turmoil that we've seen.” from Jerome Powell
My take: 2007 started with 3 failed banks follow-by 25 failed banks in 2008
Reference for trading in Nasdaq:
CME E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $5.00
CME Micro E-mini Nasdaq Futures & Options
Minimum fluctuation
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
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.