Fundamentals & Sentiment
NASDAQ100:
- Nvidia holds a strong uptrend
USD:
- Yields & USD are underperforming from yesterday
- The upcoming CPI consensus is lower than the previous
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Up
Long-term: Up
Min target: Fib ext
Risk: 1.04%
*Pretty wide SL as I expect attempts to flush out buyers before CPI release/ heightened volatility at the release. If CPI is at least in line with consensus, I'll keep holding into FOMC. I might hold into FOMC only in case of gains at least 0.5R prior to the event.
Trade closed manually
Closed on lack of follow through after decent miss in PPI and cold Initial Claims.
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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.