Both technical and fundamental aspects align in this view: The US markets bull may be ending soon and range have just begun.
Watch video for its technical reason.
For its fundamental -
There are 2 key areas of concern from Jerome Powell and he has been consistent with his statement in almost all the meetings:
1. Inflation - “Inflation remains well above our longer-run 2 percent goal.” from Jerome Powell My take: Current 4% is still double from 2% goal
2. Banking crisis - “we haven't really… we don't know the full extent of of the consequences of the banking turmoil that we've seen.” from Jerome Powell My take: 2007 started with 3 failed banks follow-by 25 failed banks in 2008
Reference for trading in Nasdaq: CME E-mini Nasdaq Futures & Options Minimum fluctuation 0.25 index points = $5.00
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