DislikedGood day! {image} Yesterday candle was bearish, Is it the end of the upper move? All will depend on today's data and rumors from WH. 1- Undershoot data: Very bad for equities and NQ starts its Wave 3. But keep in mind, an undershoot also means FED will cut and free money will be on the table which is positive equities. 2- Inline: Bad for equities as FED rate cut and free money chances will decrease. In this case, price might continue its consolidation. 3- Overshoot: Good for equities and NQ might reach 21000. In this scenario, Fed rate cut will...Ignored
Data came inline with better inflation.
FED cut is out of June meeting.
So in terms of trade, I see a zigzag: up then down.
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