Thursday 25 July 2024
Wednesday 24 July 2024
Nasdaq 100: NDX Concentration risk rapidly materialised as the NDX vs NDXE became very top heavy in FOMO tech trade!
Nasdaq 100: NDX Concentration risk rapidly materialised as the NDX vs NDXE became very top heavy in FOMO tech trade! Question now becomes if the Q2 earnings season will provide enough positive support for the market to have a healthy sector rotation? Critical earnings season ahead!
S&P500 SPY ETF on its way to test support at the top end of the Cloud 542/540 zones! Potential rebound zone!
S&P500 SPY ETF on its way to test support at the top end of the Cloud 542/540 zones! Potential rebound zone! SPY consolidating after becoming quite extended from the top end of the Cloud!
NDX100: Fighting hard for support at the top end of the Cloud! Rebound potential if support holds at 19268! Downside risk: 19000!
NDX100: Fighting hard for support at the top end of the Cloud! Rebound potential if support holds at 19268! Downside risk: 19000!
The index is having a much needed correction after becoming quite extended from key Cloud Chart support zones!
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