LagunitaLLC

NASDAQ (04/24/2020) - Big movement

Kort
LagunitaLLC Uppdaterad   
TVC:NDQ   US 100 Index
FA
-Trump extended social distance guideline
-Airlines reported losses in revenue
-Unemployment is now over 26 million people.
-Highest death toll from Cov-19 today.
-484 billion bills have been passed
-EU consumer confidence index felt into a low record.
-Tech companies are slowing down hiring.
-The second wave of lay-off is coming.
-Gilead's drug has failed expectations
-Foodbank is overwhelmed (Please help them if you can)
-FED all-out money injection: 500 billion operational injection+ 1 trillion repo (04/24/2020). The same thing will happen on Monday.
www.newyorkfed.org/m...-operational-details

TA

-RSI moving down
-The squeeze indicator is preparing for a high volume movement downward.
-Higher volume is expected
-Closing high
-The bearish trend is confirmed if NASDAQ is down to 8600-8620 level

Good luck and thank you for your supports.
Kommentera:
*A rebound in the final hour
Kommentera:
It broke. However, FED is trying to prevent the crash today. SPX will crash next week instead (not Monday for sure).
Kommentera:
NASDAQ will crash with SPX
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