NASDAQ 100 Recession Price Analysis (Inverted Chart)
- US100 is currently trading at 18,309
- We saw massive sell-offs last week in the US100 and other indices too
- It's approaching crucial areas and if it doesn't respect that and if we continue to see these expansionary candles towards the downside don't expect NASDAQ to pump anytime soon every pump is going to be a sell on rise
- However, before the CPI this can be a market reaction too and we can draw two conclusions from it
1) World Indices especially US Indices are factoring in bad CPI or a CPI above estimates
2) The CPI publication will be below the estimates so post that only we will see a bounce back the after 18th Sep that happens to be the FOMC rate decison
- We saw massive sell-offs last week in the US100 and other indices too
- It's approaching crucial areas and if it doesn't respect that and if we continue to see these expansionary candles towards the downside don't expect NASDAQ to pump anytime soon every pump is going to be a sell on rise
- However, before the CPI this can be a market reaction too and we can draw two conclusions from it
1) World Indices especially US Indices are factoring in bad CPI or a CPI above estimates
2) The CPI publication will be below the estimates so post that only we will see a bounce back the after 18th Sep that happens to be the FOMC rate decison
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