I think the nasdaq will bounce nicely this week. However, any bounce will be short lived as we are in a serious downtrend. The s&p and dow will be hit hard as well. Again, the naz should see some nice “ short term” upside.
I think the nasdaq has a strong bounce this week
- Thread starter Innervoice
- Start date
We have two huge inflation prints this week...CPI on Wed and PPI on Thurs. Your thesis will flesh out by Friday.
Why?
Didn't it occur to you others might ask whyTF the Nasdaq bounce?
And let me guess, we can thank you if it does.
Nasdaq 100 Futures just made new lows for the year in the overnight session.
So much for a bounce.
Ofcourse there might be an up day once or twice this week, but that happens almost every week. And cant be considered a serious bounce.
So much for a bounce.
Ofcourse there might be an up day once or twice this week, but that happens almost every week. And cant be considered a serious bounce.
Depends on CPI number, under 7.5 maybe over 8 doubtful over 8.5 the shit will hit the fan...
Well, we got a huge bounce and got it in spades. It started Thursday..
Do we get follow through tomorrow, who knows.. I just knew/ from the prior weeks action we were due for a very strong bounce in the next few days..
Do we get follow through tomorrow, who knows.. I just knew/ from the prior weeks action we were due for a very strong bounce in the next few days..