Nasdaq-Simple Intraday Strategy

Quoting Fadhl

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Good 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...

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Quoting Fadhl

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{quote} Scenario 2 is in play. 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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Quoting Fadhl

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I just went long. {image}

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Quoting Fadhl

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{quote} Took some off and moved STP to BE.

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Quoting Fadhl

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End of day! {image} As expected, NQ is consolidating. Tomorrow is a big day in terms of looking forward. What should we expect from the FED? 1- FED Mandate is: Employment and Inflation 2- FED has always said: FED policy is data related. The latest data on both Employment and Inflation were not sufficiently bad to rationalize the rate cuts and feed Trump's pressure. Hence, I think the FED won't give any hint tomorrow about the rate cut on June. This will disappoint market and a Sell-off of stocks and equities will be massive. The start of Wave 3....

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