We had a brutal week sell off after Powell gave a 125 bp hike projection for november and december FOMC.
Things are looking bleak for the bulls who were calling june a bottom. Will it hold? Or will they see more pain?
There are some data that points towards a possible technical rebound coming before the break of the june lows. But holding the lows is absolutely important for that rebound to come.
Do i believe its the bottom? No. I have been saying since months ago it isnt the bottom until FED pivots. But a bear that shorts the low also gets killed in a bear market rally.
Watch the video to know what to expect in this coming week and how to best prepare for it!
Stocks tagged have their analysis all done!
As always, trade safe & invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos!
www.youtube.com/c/investing101channel
Video Link:
https://youtu.be/p92kspKHGbw
$NASDAQ 100(NDX)$$Invesco QQQ Trust(QQQ)$$Tesla Motors(TSLA)$$AMD(AMD)$$NVIDIA Corp(NVDA)$$Meta Platforms, Inc.(META)$$Apple(AAPL)$$Alibaba(BABA)$
Comments