NASDAQ Time for a Correction?
The recent events in the financial markets have highlighted growing uncertainty and the potential for a correction in the NASDAQ. A thorough analysis of both fundamental and sentimental factors provides valuable insights for investors looking to make informed decisions.
Technical Overview
This past week, NASDAQ failed to surpass its recent peak, marking a significant technical signal. There is a strong divergence appearing on technical analysis indicators such as RSI and MACD, suggesting a potential trend reversal.
Macroeconomic Events
The upcoming week is set to bring several key events that could significantly impact the markets:
Tuesday: Fed Chair Jerome Powell is scheduled to speak. Recent statements from Fed officials hint that Powell may adopt a hawkish stance, potentially leading to further pressure on interest rate hikes.
Wednesday: The release of the ISM Services PMI for June and the FOMC Minutes. These reports could set the tone for the markets in the coming weeks, offering insights into future monetary policy directions.
Friday: Non-Farm Payrolls data, eagerly awaited by the market. The results could influence short-term economic expectations and future Fed decisions.
Seasonality and Sentiment
We are entering a period of seasonal stagnation and potential correction, which is typical in a U.S. election year. Market seasonality often affects investor behavior, leading to greater caution and reduced activity.
COT Report and Market Sentiment
The Commitment of Traders (COT) report indicates that 47.12% of funds hold short positions on NASDAQ, suggesting a bearish outlook among major market players. Additionally, retail sentiment is also negative, with around 60% in short positions. To avoid being on the wrong side of market sentiment, it would be preferable for this sentiment to drop to lower levels.
The current situation on NASDAQ is fraught with uncertainty and potential challenges. Technical signals are warning of a possible correction, and upcoming macroeconomic events could bring further changes. Seasonality and market sentiment also indicate potential difficulties. Investors should remain cautious and be prepared to adjust their strategies quickly in response to evolving conditions.
The recent events in the financial markets have highlighted growing uncertainty and the potential for a correction in the NASDAQ. A thorough analysis of both fundamental and sentimental factors provides valuable insights for investors looking to make informed decisions.
Technical Overview
This past week, NASDAQ failed to surpass its recent peak, marking a significant technical signal. There is a strong divergence appearing on technical analysis indicators such as RSI and MACD, suggesting a potential trend reversal.
Macroeconomic Events
The upcoming week is set to bring several key events that could significantly impact the markets:
Tuesday: Fed Chair Jerome Powell is scheduled to speak. Recent statements from Fed officials hint that Powell may adopt a hawkish stance, potentially leading to further pressure on interest rate hikes.
Wednesday: The release of the ISM Services PMI for June and the FOMC Minutes. These reports could set the tone for the markets in the coming weeks, offering insights into future monetary policy directions.
Friday: Non-Farm Payrolls data, eagerly awaited by the market. The results could influence short-term economic expectations and future Fed decisions.
Seasonality and Sentiment
We are entering a period of seasonal stagnation and potential correction, which is typical in a U.S. election year. Market seasonality often affects investor behavior, leading to greater caution and reduced activity.
COT Report and Market Sentiment
The Commitment of Traders (COT) report indicates that 47.12% of funds hold short positions on NASDAQ, suggesting a bearish outlook among major market players. Additionally, retail sentiment is also negative, with around 60% in short positions. To avoid being on the wrong side of market sentiment, it would be preferable for this sentiment to drop to lower levels.
The current situation on NASDAQ is fraught with uncertainty and potential challenges. Technical signals are warning of a possible correction, and upcoming macroeconomic events could bring further changes. Seasonality and market sentiment also indicate potential difficulties. Investors should remain cautious and be prepared to adjust their strategies quickly in response to evolving conditions.
Nota
Everything according to plan
Ordem cancelada
There has been a change of scenario for the Nasdaq index to an upward one
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.