US Tech 100
I have decided to stay out of this one a bit. I am out on Gold for now as well. I am busy with WTI. If my assumptions hold, I will come back in again, take the Index and fly to 21,000.
Take note:
Re-testing is in progress
If re-testing at this level succeeds despite the bearish breakout (the descending triangle is broken)
We are probably off to 21,000
I need strong confirmation
I will wait for another round
Let the price go to around 18.700 or so and come back again to between 18,561 and 18,585.
I will enter at 18,585
I need the pace of price action to move a bit slower
We need a strong consolidation or range
Thereafter, kick us to 21,000 - following the ascending triangle that will form, and its bullish breakout to 21,000.
Brief fundamental analysis:
FED cuts are highly considered, following the strong pullback
US full employment rate is currently stubborn
How the US Presidential race is handled
Conservatism, one of the best diversification methods for growth stock-dominated portfolios
Investment flows are transitioning back to growth stocks.
NVDIA pullback or price correction? Happened with Tesla, and it will happen to NVIDIA too.
Take note:
Re-testing is in progress
If re-testing at this level succeeds despite the bearish breakout (the descending triangle is broken)
We are probably off to 21,000
I need strong confirmation
I will wait for another round
Let the price go to around 18.700 or so and come back again to between 18,561 and 18,585.
I will enter at 18,585
I need the pace of price action to move a bit slower
We need a strong consolidation or range
Thereafter, kick us to 21,000 - following the ascending triangle that will form, and its bullish breakout to 21,000.
Brief fundamental analysis:
FED cuts are highly considered, following the strong pullback
US full employment rate is currently stubborn
How the US Presidential race is handled
Conservatism, one of the best diversification methods for growth stock-dominated portfolios
Investment flows are transitioning back to growth stocks.
NVDIA pullback or price correction? Happened with Tesla, and it will happen to NVIDIA too.
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