DislikedUpcoming Weekly analysis! FA Analysis: 1- Tariff On/Off: The noise will continue this week as well. Europe will be the target this week. Uncertainty OR Eternity pause? Market might tend towards Eternity pause which is positive for stocks and equities. 2- New Earnings season: This will be on the driver seat for the next few weeks. Positive earnings for major stocks will impact positively NQ and vice-versa. 3- Macroeconomic data: CPI and PPI will be relevant for July rate cut. Lower and inline inflation will be very good for July Rate cut; hence very...Ignored
So far, we have:
1- 30% tariffs on Europe and Mexico in addition to Canada and many other countries: This is bad equities;
2- Inflation is softening; both CPI and PPI came better than expected: This is good Equities.
3- Earnings has started. This factor will decide the direction.
As you can see, we have mixed forces. Until we clear earnings of key players, NQ will continue to consolidate between the top and the bottom of the range.
So Sell very high and buy very low of the range.