NASDAQ-100 Futures 14,000: Capitulation Heating Up.
We did a video this morning (On YouTube) around 6:30am talking about the 14,000 as it was a piggyback video of the one we did yesterday afternoon ‘live’ as we anticipated that area being touched before the end of the day.
This morning we assumed the market would get some type of relief bounce, even if the CPI and/or inflation numbers were worse than expected. We can see that assumption played out accordingly. We continue to watch the 377 moving average and look for this area 13,970 - 14,000 to be a potential landing zone for capitulation. There is also assumed evidence of a morning star being put in.
Watch for the ‘rip your face off’ movement in the markets. Sooner or later, which we believe is now, market sentiment will be at its highest to the down side and will reach its maximum just as those late to the party finally join.
Could see that 'rip your face off' bullish pressure at these levels. Check the chart! WATCH GROWTH STOCKS!!!!
We did a video this morning (On YouTube) around 6:30am talking about the 14,000 as it was a piggyback video of the one we did yesterday afternoon ‘live’ as we anticipated that area being touched before the end of the day.
This morning we assumed the market would get some type of relief bounce, even if the CPI and/or inflation numbers were worse than expected. We can see that assumption played out accordingly. We continue to watch the 377 moving average and look for this area 13,970 - 14,000 to be a potential landing zone for capitulation. There is also assumed evidence of a morning star being put in.
Watch for the ‘rip your face off’ movement in the markets. Sooner or later, which we believe is now, market sentiment will be at its highest to the down side and will reach its maximum just as those late to the party finally join.
Could see that 'rip your face off' bullish pressure at these levels. Check the chart! WATCH GROWTH STOCKS!!!!