NAS100 had a strong drop in yesterday's trading session. We will review the factors that affect it and look for opportunities today:
- In terms of fundamentals: the main reason for the decline can be seen from the strong increase in US Treasury yields and the market "fermenting" the interest rate hike by 75 basis points in June. This is the 2nd time that the profit exceeds 3% and confirms the strong growth momentum in the coming time.
- From a technical analysis perspective: as I have marked on the chart, we are still fully in a bear market confirmed by lower highs and lower lows. The short-term increase of the previous session seemed to light up the hope of a recovery but completely broke the price structure and returned to the downtrend yesterday. The fact that the price sideways at the bottom is a very bad signal, the price can break the support zone and go down at any time, trading advice for today we can wait for the opportunity to sell down when the price has a correction. slight correction or stay out and wait for a clearer opportunity when you don't want FOMO when the price breaks the support zone without a correction
Wish everyone a favorable trading day
If my idea is useful, please give me 1 like 1 follow
Any questions or requests to analyze other trading pairs, please leave a comment ^^
- In terms of fundamentals: the main reason for the decline can be seen from the strong increase in US Treasury yields and the market "fermenting" the interest rate hike by 75 basis points in June. This is the 2nd time that the profit exceeds 3% and confirms the strong growth momentum in the coming time.
- From a technical analysis perspective: as I have marked on the chart, we are still fully in a bear market confirmed by lower highs and lower lows. The short-term increase of the previous session seemed to light up the hope of a recovery but completely broke the price structure and returned to the downtrend yesterday. The fact that the price sideways at the bottom is a very bad signal, the price can break the support zone and go down at any time, trading advice for today we can wait for the opportunity to sell down when the price has a correction. slight correction or stay out and wait for a clearer opportunity when you don't want FOMO when the price breaks the support zone without a correction
Wish everyone a favorable trading day
If my idea is useful, please give me 1 like 1 follow
Any questions or requests to analyze other trading pairs, please leave a comment ^^
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