Nasdaq has respected the Monthly trendline today, however, I remain bearish on the long-term. the 4H bearish channel has not been broken. I also doubt that it will break the 13350. The sustained close under this value will see it remain bearish. The market is running hot and the FED is not stepping in. Retail investors did react to the "buy the dip" , however I don't believe we have seen its "dip" just yet. The recent CPI's and NFP have not been good at all. Shocking to say the least.
Inflation is inevitable in my opinion and risk aversion will become more apparent. We have NOT seen to true impact of the pandemic and soon tech will feel the brunt.
Inflation is inevitable in my opinion and risk aversion will become more apparent. We have NOT seen to true impact of the pandemic and soon tech will feel the brunt.