As soon as he was elected we went straight down from 1008 to 740, just a 26% drop. Then we are down about 3% on inauguration. This market is going to have to rally pretty hard unless they want âyes we canâ to become âyes we can make the market crash.â
If NQ doesn't break 1170 on this push, I'm holding out for 1152-1156 as a buy zone for anything other than quick scalps. If it does, I'll buy a retrace.