Nasdaq seem to be ready to break in either direction.
With the hourly counter trend failing to reach the lower end of the channel indicating a possible lack in bearish momentum.
Or a solid support level put in place with price creating lower highs (Descending triangle) to break lower.
FED talks towards the end of the week will likely be the deciding factor on which direction and the trigger to enter in either direction.
There are two main events this week for the FED: FOMC minutes on Wednesday and the Jackson Hole symposium from Thursday to Saturday with Jerome Powell speaking on Friday afternoon.
We'll be looking for Hawkish commentary to support higher rates for longer amid slightly elevated inflation and continued uncertainty around tariff implications. US equities down
Or further confirmation that the FED in ready to commit to a more dovish monetary policy stance. The recent FED meeting saw two committee members voting for a rate cut, against the majority and market are starting to pice in 3 cuts by year end amid a weaker labour market. US equities up
With the hourly counter trend failing to reach the lower end of the channel indicating a possible lack in bearish momentum.
Or a solid support level put in place with price creating lower highs (Descending triangle) to break lower.
FED talks towards the end of the week will likely be the deciding factor on which direction and the trigger to enter in either direction.
There are two main events this week for the FED: FOMC minutes on Wednesday and the Jackson Hole symposium from Thursday to Saturday with Jerome Powell speaking on Friday afternoon.
We'll be looking for Hawkish commentary to support higher rates for longer amid slightly elevated inflation and continued uncertainty around tariff implications. US equities down
Or further confirmation that the FED in ready to commit to a more dovish monetary policy stance. The recent FED meeting saw two committee members voting for a rate cut, against the majority and market are starting to pice in 3 cuts by year end amid a weaker labour market. US equities up
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.