Yesterday’s sharp Nasdaq drop was surprising, especially considering Nvidia’s exceptional earnings, renewed confidence that we’re not in a bubble, and the strong labor data from NFP. Under normal conditions, the market would likely have reacted with a 2%+ rally.
However, investors are now pricing in the idea that the Fed will not cut rates in December, which created fear-driven selling and an exaggerated move to the downside.
Today, I would like to see a relief recovery, as the index has started to form a double-bottom pattern, a typical structure before liquidity grabs to the upside. If confirmed, price could push back up to take out recent highs.
Historically, after large impulsive drops, the stock market tends to open in green, as investors take advantage of discounted prices. If momentum shifts, the Nasdaq could quickly reclaim lost ground.
However, investors are now pricing in the idea that the Fed will not cut rates in December, which created fear-driven selling and an exaggerated move to the downside.
Today, I would like to see a relief recovery, as the index has started to form a double-bottom pattern, a typical structure before liquidity grabs to the upside. If confirmed, price could push back up to take out recent highs.
Historically, after large impulsive drops, the stock market tends to open in green, as investors take advantage of discounted prices. If momentum shifts, the Nasdaq could quickly reclaim lost ground.
거래청산: 타겟 닿음
Perfect analysis. Hope you guys took this amazing trade.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.