NASDAQ 100 Index Forum & Chats (FRED:NDQ100)

15 minutes ago

23,000! Long term Target achieved. Ref my previous posts. Congratulations to all the patient bulls. Time to switch my strategy once a down move is validated. (Short-term) #TeamBearish. Lower highs to Lower lows.

moustafa_marei

25 minutes ago

Very good morning to you))
China GDP growth raised unexpectedly and that is the reason of pushing some assets like stocks, indexes in return, and Gold too.
Because if China acted good in the time of Tarrifs conflicts with USA so that means the ongoing trading means and volumes between USA and China are really stronger than expected. And that reflected on the idea that FED will decide to cut the rate truly in the next meeting as no need now to worry as the expectations now that USA GDP result will be stronger now!
Whilst USD got a bit of damage.

That served my swing long gold trade and did not serve my US swing short trade which is in minus now from 22855 (if I waited all that long time and even did not collect profit when index offered me 270 or 210 win points, so I decided to wait and leave it open and see how the day candle will close first!)

Fundamentally the price should go up especially that the giant Netflix will announce their results this week which is the first indicator (the very first company to announce earning and revenue report from giant ones) to show the investors how healthy the AI sector and how high the revenue of Advertising will be and that will give very positive sentiment to the rest of the companies on the heavy tech index (Nasdaq) in case it will be good a positive result and I personally expect a very good result.

Technically we should go down indeed as per my chart analysis 100%

So conclusion, I will take my full chance and will be waiting till end of the today session before taking the decision of closing the trade.

Best of luck)))