NASDAQ100 trading today: I will be waiting on the sidelines for the next 24 hours until I put any money to work on Monday as it could be a much clearer situation by then.
However, if the inflationary headwinds start to abate, that could cause another melt-up.
When you look at the fundamental information out there, there’s no real reason for this to be happening other than hope If the market were to turn around and break down below the 13,000 level, that gets in this market much lower, but I think the only thing you can count on is a lot of volatility and noise.That’s an area where people should start to pay close attention to for support, and if we were to break down below that level, it’s likely that this market goes much lower.
I think the only thing you can count on here is going to be a lot of noise, therefore it’s likely that we would see a lot of back-and-forth trading, therefore you need to be very cautious. Nonetheless, it will be interesting to see how we close on Friday because it could give you an idea as to how much faith people have in the market because holding on to a position for the weekend speaks volumes.
Either way, I will be waiting on the sidelines for the next 24 hours until I put any money to work on Monday as it could be a much clearer situation by then. However, the proof will be in
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