FUTURE OF NQ AND TECH?
NQ is bouncing and futures will probably stall near 18862 and pullback a 200 points today. If you want to gamble on the debate on CPI for Wednesday, NQ is poised to get up to 19400 before the next setback. That is a countertrend trade as new lows will come from there. How much of a pullback? Upside for key tech stocks with NVDA to 111 is not much and APPLE’s preview was a dud the market is back at key support at 216. We expect a recovery into FOMC and then another push lower and seasonally, stocks often bottom in early October during election years. The market continues to flirt with a major muti-year top but has not triggered a major signal yet and will do so if S & P cash takes out 4950. Stay in touch with this fascinating market. WIll NVDA spook everyone and tank to 79-83?
https://www.fortucast.com/#products
Stay in top of new entries for both price and time and strategies using Fortucast Financial and ETF Timers
OUR FREE BLOGS:
https://commoditytimers.com/blog/