NASDAQ Retraction Trend

NDX has followed the same general trends as DJI & SPX, seeing pullbacks as economic reporting comes in (CPI, PPI, DGO, New Home Sales...

The relief rally following the Fed's minimalist 25 bps rate hike has now reversed as markets prepare to absorb March's inflation numbers reporting next week.

Expecting retracement from the blue channel downwards as the FOMC meeting approaches in early May.