Im thinking whipsaws from now and whole summer long in nas100.
With good NFP numbers the 4th june we should see a drop from whatever level we are at, im betting we wont make a new high until then.
Then we have FOMC meeting in the middle of june that ends on the 16th, its not certain but there are good odds we will get information on when FED plans to taper their bond purchases then, which could be in q3 or q4. Should mean a bigger but not huge drop(thats why i think we keep going back to the levels we have been at for the past months. It also fits with countries getting rid of lockdowns, people getting vaccinated, summer weather helping out with the virus and just politics changing. Maybe they have regulated everything they wanted and just dont care anymore about the virus.
Then once the summer are done and the market started digesting it all, we most likely get to see new highs. Why? Well why not. Even better earning guidance? Inflation? Dollar going into a dumpster?
With good NFP numbers the 4th june we should see a drop from whatever level we are at, im betting we wont make a new high until then.
Then we have FOMC meeting in the middle of june that ends on the 16th, its not certain but there are good odds we will get information on when FED plans to taper their bond purchases then, which could be in q3 or q4. Should mean a bigger but not huge drop(thats why i think we keep going back to the levels we have been at for the past months. It also fits with countries getting rid of lockdowns, people getting vaccinated, summer weather helping out with the virus and just politics changing. Maybe they have regulated everything they wanted and just dont care anymore about the virus.
Then once the summer are done and the market started digesting it all, we most likely get to see new highs. Why? Well why not. Even better earning guidance? Inflation? Dollar going into a dumpster?