Nasdaq100 Simple Chart Analysis

For tech sector, we might have a repeating pattern to play here as current movement seem going a 3rd attempt to break those red arrow resistant area.

If those area break, tech will be in play here. Well, this seem a positive sign from FOMC?

My Market Outlook.

Way back to 2018, there is a consecutive heavy drop for 3 months & market regain its strength on mid Nov. Will this miracle happen again cause we are very near to Christmas month. Well, this is just a recap as no one really knows what will happen to the market tomorrow. Back to reality, market is still digesting Feds rates which is very close to 5% if this hike expectation was at 4% follow by another 0.5 on Dec. Can this hike rates able to kill off the inflation rate? Is very important on these data to analyze the market direction.

Keep monitoring all this as it will come to a conclusion cause market drop are factoring in the worst hike ever happen in history. Once Feds slow down & give the 1st cut forecast, bull will be alive for the entire market ! Most important is everyone still alive here 😃. This will be our once a life time rebound opportunity. Reserve as much cash as possible.