DislikedGood day! Yesterday move was not expected at all! NQ daily close was just above Friday High! So we got a break. Currently price at Resistance level consolidating. {image} We have two options: 1- Market is dismissing all Trump's noise with tariffs and has started pricing in September rate cut. So Direction is UP. This is not my preference. 2- Latest buyers were caught with NFP outcome and try to push up to liquidate which explains yesterday move. The fear of recession will be the main narrative and we should see a nice drop until September...Ignored
Yesterday was a bullish close.
Both Asian and European sessions continued the direction UP!
Either market has started pricing in the rate cut or we've a liquidation move.
Last ATH will provide a nice opportunity for short.
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