A healthy retrace
1- What a day yesterday! The bloodbath is not completed yet! Today is the end of D/W/M and it will be another huge red candle; another 800-900 points to the downside!
2- I was wrong about a retrace up; NVDA results were not sufficient to attract buyers. Market is pricing in the slowing down of US economy with a real risk of recession; all macro-data were bad recently.
3- This was fueled by US Tariffs.
4- Core PCE data came inline but higher than the previous reading.
On the other hand, Trump mentioned the tax cuts which is very good for equities. Hence, this sell-off is not so bad; it's very healthy for the next move up. I will come back to this point during the Monthly/Weekly Analysis.
2- I was wrong about a retrace up; NVDA results were not sufficient to attract buyers. Market is pricing in the slowing down of US economy with a real risk of recession; all macro-data were bad recently.
3- This was fueled by US Tariffs.
4- Core PCE data came inline but higher than the previous reading.
On the other hand, Trump mentioned the tax cuts which is very good for equities. Hence, this sell-off is not so bad; it's very healthy for the next move up. I will come back to this point during the Monthly/Weekly Analysis.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。