tm_speedstyle371 wrote a post · Oct 2, 2024 19:35

NASDAQ100 is finding it difficult to improve. ❗️

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

The impact of the ongoing port strike since 1977 on the US economy is significant, leading to a sense of vigilance. It is unlikely to improve based on indicators. However, it is expected that the strike will eventually be resolved, and towards mid-month, a rise in NASDAQ100 is anticipated. Until then, the situation is expected to remain challenging, with today being considered relatively stable and sideways.

Despite MU's good earnings resulting in a two-thirds increase, the stock declined, with the decline rate not comparable to TSMC. Based on the candlestick chart's daily view, an immediate reversal seems impossible, and there might be a drop before the earnings report. It should be noted that the trauma or loss of confidence following the recent crash has significantly weakened. The expectation is a turnaround from the pre-earnings price. If a true upward trend is established, it will lead to a powerful uptrend beyond the market conditions, making it a good entry point.

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