trusted trading apps malaysia–HXFXglobal reminds you:
Even The Iron Dove” Has Defected His Stance! NASDAQ Been Strike Again With Shorting Pressure
Brainard’s stance turned hawk, and the selling pressure of the Nasdaq resurfaced.
Bear gained favors on NASDAQ. Investors are recommended to consider applying High-Throw for Short position at around 15560, Take-Profit at 15390, Stop-Loss by 15710.
Although the number of Continuing Jobless Claims continued to decline yesterday, but the number of Initial Jobless Claims was higher than expected, showing that the Pandemic still holds a certain impact to the United States. Moreover, the “Iron Dove” of FED, L.Brainard, said that there will be several interest rate hikes this year, it is expected that the inflation rate will be controlled at around 2.5% by the end of the year. After the FED officials have actively expressed their confrontation with inflation, the market speculation sentiment has also been suppressed, and leaded NASDAQ to hand back its recent gains. If the US Retail Sales(MoM) in the evening is higher than expected, it may put further pressure on the trend of the NASDAQ.
In Daily range, 5 & 20MAs sinking, KD apt Bear. In 4Hrs range, 5MA down-crossed 20MA, KD prone Bear. In 60Mins, 5 & 20MAs acted ideal to the daily range. Even the current status seems to progressively slow down the dip, but since the selling pressure were still hovering on top, therefore, would forecast the rebound strength would be limited.
(Information above is purely personal opinion, doesn’t represent platform’s standpoint. This opinion can only be use as reference)
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