I don’t understand, how the nasdaq is still not completely crashing yet. The US is riding into recession, tariffs against canda and mexico and next month reciprocal tariffs. Why is the nasdaq so steady and today even almost 1% in the positive
- #1,484
- Mar 5, 2025 3:29pm Mar 5, 2025 3:29pm
- Joined Jan 2016 | Status: Trader | 3,934 Posts
{quote} I got in manually.
- #1,485
- Mar 6, 2025 6:22am Mar 6, 2025 6:22am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Good day!
Yesterday close confirmed again the uncertainty and provided an inside, irrelevant daily candle.
It seems the upper TL working as resistance. It worked nicely yesterday.
Today, we've ECB. NQ will follow DAX behavior.
That's all for today! GL!
Yesterday close confirmed again the uncertainty and provided an inside, irrelevant daily candle.
It seems the upper TL working as resistance. It worked nicely yesterday.
Today, we've ECB. NQ will follow DAX behavior.
That's all for today! GL!
- #1,489
- Mar 6, 2025 8:39am Mar 6, 2025 8:39am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Here is my plan for today.
- #1,490
- Edited 9:23am Mar 6, 2025 9:13am | Edited 9:23am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Here is my plan for today. {image}
If the current 5min candle closes Red, I'll jump in.
Edit:
Cancelled!
- #1,491
- Mar 6, 2025 9:35am Mar 6, 2025 9:35am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Sell Lmt at 20411.
Edit:
Triggered!
Edit:
Triggered!
- #1,495
- Mar 6, 2025 11:44am Mar 6, 2025 11:44am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
I'll try this short and if it works I'll keep it until tomorrow. I think it's going south to test the lower TL.
- #1,498
- Mar 7, 2025 6:43am Mar 7, 2025 6:43am
- Joined Jan 2016 | Status: Trader | 3,934 Posts
Good day!
Today is a big day for many reasons, but mainly to clear the context of uncertainty.
1- How to read and translate NFP data?
* Inline data: It's positive for equities; it's a ST relief.
* Overshoot: This is tricky: the Average Hourly Earnings must be inline or below expectation of 0.3% and strong green the two other components (NFP and Unemployment Rate). This overshoot will be very well received.
In the case of Average Hourly earnings positive, it will become a mixed data with unknown behavior from the market.
* Undershoot (the opposite of overshoot): NQ will drop to the final target 19620.
2- Powell and other FED members will speak today: In the current context, FED members might hint certain openness for printing free money and rate cut.
Any hint of this type will send NQ up and absorb/erase any undershoot from NFP data.
3- Unpredicted news from Trump's team: As they're following closely the stock market, there is a big chance that they intervene in the case of undershoot NFP with candies and carrots.
Hence, it will be very difficult to trade today. The up and down will be furious.
GL!
Today is a big day for many reasons, but mainly to clear the context of uncertainty.
1- How to read and translate NFP data?
* Inline data: It's positive for equities; it's a ST relief.
* Overshoot: This is tricky: the Average Hourly Earnings must be inline or below expectation of 0.3% and strong green the two other components (NFP and Unemployment Rate). This overshoot will be very well received.
In the case of Average Hourly earnings positive, it will become a mixed data with unknown behavior from the market.
* Undershoot (the opposite of overshoot): NQ will drop to the final target 19620.
2- Powell and other FED members will speak today: In the current context, FED members might hint certain openness for printing free money and rate cut.
Any hint of this type will send NQ up and absorb/erase any undershoot from NFP data.
3- Unpredicted news from Trump's team: As they're following closely the stock market, there is a big chance that they intervene in the case of undershoot NFP with candies and carrots.
Hence, it will be very difficult to trade today. The up and down will be furious.
GL!