Ultimately, I think you’re still going to see a lot of volatility over the next few trading sessions, but I don’t know that I’m quite ready for the top because there’s almost always a story. during the income season. to the image and destroy as usual. , The NASDAQ 100 initially traded quite strongly during the day on Wednesday, reaching the 11,550 level. However, we turned around to show signs of strength later in the day after the initial shock. Microsoft started the day on the wrong track with a dire outlook. This obviously had a big impact on the NASDAQ 100, as you might expect. Advertisement Don’t miss today’s great opportunity Trade now! We saw the market rebound and show signs of life as the perennial bulls re-entered the market. The 50-day EMA is falling slightly below, suggesting there may be some buyers in this general vicinity. If we can continue this type of activity, it looks like we will threaten the 200-day EMA, which isn’t too surprising given how bullish Wall Street seems to be. Volatility Ahead They are waiting to see if the Fed will give them cheap money on February 1st or at least start to hint that they think otherwise. I think they must be very disappointed, but in the meantime it’s worth noting that the Fed’s governors are experiencing a blackout and therefore probably won’t be enough to shock the market. Taking out the 200-day EMA, which is just above the 12,000 level, the market may rise to the 13,500 level. At the end of the day, it looks like we’re trying to form a double bottom, and I’m having trouble finding experts who work at Wall Street firms that are going down again. That’s probably a negative sign if I ever saw one. In the short term, though, it seems like you have to think in one direction, but I think we’re quickly approaching a potential sticky area. Ultimately, I think you’re still going to see a lot of volatility over the next few trading sessions, but I don’t know that I’m fully ready for the top because there’s almost always a story. during the income season. to the image and destroy as usual.
