Retail sales last night were higher than expected. New unemployment insurance/continuation, downturn compared to forecast.
I wonder if the stock price lightning struck against the backdrop of recession concerns about the US recession and the strength of the labor market.
The daily chart also had a big draw above the 50MA. The trend is completely on an upward trend. I'm looking forward to Chairman Powell's speech at Jackson Hole next week.
I want my personal predictions of SP500/5,800pt and NASDAQ100/21,000 pt by the end of the year to come true 🙏 I'm already full of adjustments this year lol
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