Nasdaq: Bull ended, range just begun

30 Haz 2023

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.
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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/