Most of us know that we are getting battered due to inflation concerns and rising 10 year treasure yields. From this chat we can see our pain will continue for most of the Q3 and somewhere in Q4, i expect this to end. Nasdaq will keep reacting to the fluctuations in this and will correct heavily (~11,000 range) once we are in the Wave 5 for TNX.
Once we reach the end of the Wave 5 in TNX, we will have a considerable drop in this and our Growth stocks will see new signs of life.
I will try to trade the short term trend, than initiating longs at this time.
Once we reach the end of the Wave 5 in TNX, we will have a considerable drop in this and our Growth stocks will see new signs of life.
I will try to trade the short term trend, than initiating longs at this time.
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