iamiam wrote a post · Mar 14, 2023 20:25

UPDATE March 14

I'm traveling, so these are most likely going to be quick posts. CPI and Cinese manufacturing numbers come out. I don't know what the Chinese numbers will be, but I expect them to move commodities either way, so I will be watching those. Now, US CPI numbers will be huge. We are at a crossroads

we are at a point in the market where price can go either way. Long term, here is the problem for the FED

They are trapped. They either STOP quantitative tightening and turn the printers back on to bail the banks out (which they did yesterday with their "its not a bailout" bailout), letting inflation continue to run higher OR they fight inflation and continue to raise rates crushing the banks/economy....

So, it's FEDs choice... Should they return to QE and turn the printers back on - beware, the markets will rally, but it's the beginning of the end, and it will be short-lived...

OK now that's all out of the way - CPI comes out soon

sorry for the busy chart. 3 things.

1.) we could have completed the wave down. In that case, it's up to 12500. From there, we see if we are going to challenge 13000. We will know this if we just go up without any retest.

2.) One more leg down to the 11600-11500 region. maybe to just 11700, we will see. After that it would begin its march back up towards 12800.

3.) We just go down, do not pass go, do not collect 200 dollars, just down the abyss, just kidding like 11300 should provide some pause.

$E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$

On QQQ

up towards 307 on the upside, 265 on the downside. I look for an eventual push towards both. How it moves is up to the market.

$Invesco QQQ Trust (QQQ.US)$

iam traveling, so apologies I don't have more, but I don't have all my charts

Be very Safe, Be Careful, Be Wise

and as always

Good Luck

I look for a quick sell off, then a massive rebound for what it's worth.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

29K Views

Comment

Ping983 : Wish you have a wonderful trip！

Report
Reply

Cancel Reply
BeBlessed : Have a good holiday. Safe travels

Report
Reply

Cancel Reply
KingNY-Life : Moreover, I firmly believe that the CPI announced by the US now is not real, just to fear that continued interest rate hikes will cause more banks to go bankrupt

Report
Reply

Cancel Reply
Lim HC : Have a good trip

Report
Reply

Cancel Reply

iamiam

Engineer, Commodity Buyer, Alert Bettor, Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺

13K

Followers

237

Following

48K

Visitors