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2022 Santa Claus Rally: Happy ending or losing faith?
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Nasdaq 100 Sink ๐Ÿ“‰ as Treasury Yields Climb

Hello, good day traders! ๐Ÿ‘‹๐Ÿค™
I'm looking for a potentialย sell ๐Ÿ“‰setup for ๏ปฟ๏ปฟ $NASDAQ 100 Index(.NDX.US)$ย , with both fundamental and technical indicators to back it up.
๐Ÿ“ฐFundamentally,
Dow Jones, S&P 500, and Nasdaq 100 decline as Treasury yields increase.
Markets have already factored in a more hawkish Fed, putting APAC stocks at risk.
After last week's policy announcement, if you looked at the Fed's projection for interest rates, you would see that it was more aggressive than what the market was pricing in. As expected, it appears that this divergence let volatility in. Given this, it is still logical to predict that the tech-heavy Nasdaq 100 may continue to be more vulnerable going forward.
๐Ÿค”On the technical front,
1.) Looking at the H4 chart with price being below the Ichimoku cloud it indicates a bearish market, I am looking for a sell entry at 11450.34, where the 38.2% Fibonacci line is.
2.) Stop loss will be at 12166.41, where the previous swing high is.
3.) I intend to take a profit at 10677.48, slightly below where the 78.6% Fibonacci line is located.
โ€Œ
Trade Entry recommendations:
Sell Entry: 11450.34ย ๐Ÿ“‰
Take Profit: 10677.48 ๐Ÿ’ฒ
Stop Loss: 12166.41โŒ
โ€Œ
Other tickers to recommend:
Nasdaq 100 Sink ๐Ÿ“‰ as Treasury Yields Climb
๏ปฟ

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