Nasdaq was set for weekly losses due to the rout that DeepSeek caused; revealing the breakthrough they had with low-cost artificial intelligence models. This caused a bloodbath in AI linked stocks.
Technically speaking, we closed the month bullish but was still within a price range of the previous month, December 2024.
Anything higher than 50% of the December monthly wick would give me the confidence to continue the bullish bias but I see the opportunity for a short-term market shift back into a area of previous rejections @ $20,025 - $20,428 so this is what I am looking toward until proven otherwise.
Candle body closure above $22,093.50 will change my monthly bias to bullish as this will go hand in hand with my 6-month perspective
Technically speaking, we closed the month bullish but was still within a price range of the previous month, December 2024.
Anything higher than 50% of the December monthly wick would give me the confidence to continue the bullish bias but I see the opportunity for a short-term market shift back into a area of previous rejections @ $20,025 - $20,428 so this is what I am looking toward until proven otherwise.
Candle body closure above $22,093.50 will change my monthly bias to bullish as this will go hand in hand with my 6-month perspective
Nota
Sloppy price action from Sunday's gap open. Not as rough as ES but still showing me a 50/50 chance of a draw both sides of the market place.
We have already seen a bullish draw from $21,034 wick equilibrium, filling in the new week opening gap.
Friday is NFP so expect big movements in the lead up to the high impact event.
Nota
This weeks NWOG has filled.
There is short term potential to the upside @ $21,694 buyside today but not willing throw all my eggs in one basket for that narrative
Nota
Nota
End of week delivery
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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.