Welcome to the jungle
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Drama incoming. Nasdaq stonks not liking the US10Y.
Green arrow path from previous two moves up suggests there could be an exit coming for stonks, as this cools off. I think we'll touch 1.9 - 2 which is the 200MA on the weekly. And then a pull back to 1.1 - 1.5 before things get ugly for stonks.
Good luck traders.
Green arrow path from previous two moves up suggests there could be an exit coming for stonks, as this cools off. I think we'll touch 1.9 - 2 which is the 200MA on the weekly. And then a pull back to 1.1 - 1.5 before things get ugly for stonks.
Good luck traders.
Nota
Didn't add the timeline - sorry.Don't panic just yet, if the time cycles play out, the high risk period is around summer of 2022!
Swing till then. I am.
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