NAS100 - A Small Inkling of a Ceiling?
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
1HR TF is showing development of a bearish order block
Possible re-test of key confluence, now support
Keynote!
The bull trend rapidly changed angle to almost vertical previous sessions.
Short sellers are circling on sideline...
Institutions are hunting liquidity and/or maximizing profits for
year-end closing of long positions.
The FED (Powell) mentioning further rate cuts:
(Only for above mentioned purpose naturally!!)
I have made a note on these promises exactly at this time of year,
which will also drive US stocks up far beyond overbought prices.
Since 2022, rate cut promises @ year end never materialized
until second half of the following year, or only the last quarter of the following year.
With new administration taking over in January,
this time It might be different, and I might be wrong!
I deeply appreciate you taking the time to study my analysis and point of view.
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
1HR TF is showing development of a bearish order block
Possible re-test of key confluence, now support
Keynote!
The bull trend rapidly changed angle to almost vertical previous sessions.
Short sellers are circling on sideline...
Institutions are hunting liquidity and/or maximizing profits for
year-end closing of long positions.
The FED (Powell) mentioning further rate cuts:
(Only for above mentioned purpose naturally!!)
I have made a note on these promises exactly at this time of year,
which will also drive US stocks up far beyond overbought prices.
Since 2022, rate cut promises @ year end never materialized
until second half of the following year, or only the last quarter of the following year.
With new administration taking over in January,
this time It might be different, and I might be wrong!
I deeply appreciate you taking the time to study my analysis and point of view.
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