Talking bullish while chewing bearish at the same time is an art 😂
But the technicals suggest we can still set up for a larger rally in H1 before a larger roll over in H2 if the Fed makes a policy error and stays too high too long in face of the data.
My interview earlier today:
But the technicals suggest we can still set up for a larger rally in H1 before a larger roll over in H2 if the Fed makes a policy error and stays too high too long in face of the data.
My interview earlier today:
https://twitter.com/CNBCTechCheck/status/1615796294198480896
The chart I'm referring to in the interview is this $NDX chart I've shared before in the NorthCasts.
It's pretty clear that a big market decision is upcoming & this is what the market is currently negotiating.
Key to watch is new highs new lows into month end.
It's pretty clear that a big market decision is upcoming & this is what the market is currently negotiating.
Key to watch is new highs new lows into month end.
the other chart I'm referring to in the interview is equal weight $XVG which has clearly broken out and is now pulling back. Key to watch if a backtest can be successfully defended which would be bullish or if it fails & then the breakout would have been a fake out.
Hence, given the alignment of these charts, my sense is that the next 2-3 weeks will be key from a technical perspective & set the stage for H1.
The battle lines for control are pretty clear.
GL.
The battle lines for control are pretty clear.
GL.
$MSFT: +3.5%
$AMZN: +3.6%
$GOOGL: +5.1%
$AMZN: +3.6%
$GOOGL: +5.1%
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