Good afternoon, traders.
The bears had one job and it was to invalidate some of these very bullish structures developing on /NQ:
Tag: $QQQ-$NQ-$NDX
The Weekend Review of the Markets: At Key Support
Happy Weekend, traders.
After shrugging off the generally hawkish FOMC meeting and shrugging off the CPI miss, the market looked like it was about to also shrug off the PPI miss, too.
But, we had a small turn today and the S&P closed right above the primary uptrend line:
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Market Update for Wednesday, January 31st, 2024
Good evening, traders.
Let’s review the H&S on the nasdaq-100 we have been observing.
Market Update for Tuesday, January 30th, 2024
Good evening, traders.
Weekend Review of the Markets: The Short- and Long-Term Pictures
In this weekend’s review, I will discuss both the short- and long-term pictures.
The Short-Term Picture
I will begin with a discussion of the Dow.
If you look at this casually, you will see just how bullish it now looks:
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