I wish I had good news.
But Nasdaq broke below 13000.
The market is putting up a fight but the Uptrend is flattening and a big drop from what I can see is still on by the fall.
Only question is.
How long this stimulus rally last?
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I’ve started to go back into cash, not liking what I’m seeing right now
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So now 50sma is resistance? And 10sma has to break above to become bullish?
Seems like this stimulus isn’t going to last nearly as long. People paying back debts and recovering from losing their first stimulus in the market lol
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Well 3/4 of this stimulus didnt go to the market like the others either. n yes the ppl are spending it differently this time around with inflation n debt theyve accrued
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