Nasdaq ... Now a Trump Dump ?
I am expecting Nasdaq Futures to drop 900 points by the close of markets on February 4th.
I see support at the 20,690 area.
Technically this is from the current Wolfe Wave and a pending Harmonic Shark Pattern.
As for reasons:
1. The current ill advised trade dispute and its economic implications.
2. Confusion over the role of DeepSeek and it future role
3. A generally over extended sector which many held on to into the new year for tax and other reasons.
Tariffs IMHO are a lose-lose situation.
Not investment advice. Do your own due diligence.
Good Luck
S.
I see support at the 20,690 area.
Technically this is from the current Wolfe Wave and a pending Harmonic Shark Pattern.
As for reasons:
1. The current ill advised trade dispute and its economic implications.
2. Confusion over the role of DeepSeek and it future role
3. A generally over extended sector which many held on to into the new year for tax and other reasons.
Tariffs IMHO are a lose-lose situation.
Not investment advice. Do your own due diligence.
Good Luck
S.
تم فتح الصفقة
Did this work out fully as planned no... but DJT just kicked the can down the road 30 and now there is the EU and Chia to deal with. Additionally chaos is everywhere in Gov't circles. I see another WW forming ... I will probably fade strength realizing major earning and NFP later this week, Stay nimble.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.