DaveBrascoFX

NASDAQ US100(Short term) Analysis for 09. Jan.- 12.Jan.2024

DaveBrascoFX Updated   
CAPITALCOM:US100   US 100
Long Term Bullish
Midterm neutral
Short term bearish


Fibo level rejection

Divergence

Fundamental:
Fear of Inflation Comeback
Fear of less or no rate cuts by FED
Expecting Yields,Bonds auction
Comment:
Comment:
Based on the urrent developement of price I stay short( temporariliy) unless the bullsshow their cards, if they will defend the mid trem trend, or if they lose control. To break it down please watch the streaming above.Thank you.
Comment:
sold 16703 and 16728
bearish hidden signal
mentioned in streaming above
Comment:
16649 is day low, if breaking below it can go to 16631,if holds below that level, 16616.16495.16439,16357,etc. but have to break them first
Comment:
Final demand services: The index for final demand services remained unchanged in December, the
same as in both November and October. In December, prices for final demand services less trade,
transportation, and warehousing rose 0.4 percent. Conversely, the indexes for final demand trade
services and for final demand transportation and warehousing services fell 0.8 percent and 0.4
percent, respectively. (Trade indexes measure changes in margins received by wholesalers and
retailers.)

Product detail: Within the index for final demand services in December, prices for securities
brokerage, dealing, and investment advice increased 3.3 percent. The indexes for consumer loans
(partial), application software publishing, airline passenger services, and fuels and lubricants retailing
also moved higher. In contrast, margins for machinery and vehicle wholesaling decreased 5.5
percent. The indexes for guestroom rental, long-distance motor carrying, automobiles and parts
retailing, and apparel wholesaling also fell.
Comment:
I stay short(hedge), a my confirmation for long bias it telling me the opposite. But the trend is bullish lon, the bear will get trapped
Comment:
Fed’s Waller: Fed Is Very Aware Of The Risk Of Overtightening ...

not only based on his omments, ut most importantly on my confirmations I stay short bearish
Comment:
Trend is bullish, but I keep my short hedges, I sold NQ upside, Untill I have no confirmtions that 100% empower market´s confidence to rise cear higher, My shorts will stay
US December retail sales surprise to the upside
December retail sales revealed further signs of economic growth to end 2023, underscoring how the US consumer remains in a better position than many have feared. Retail sales grew 0.6% December, according to Census Bureau data. Economists had expected a 0.4% increase.

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