This week's forecast โ ๐ค๐ง
This week, attention will be focused on the release of economic data such as Broadcom's earnings, employment statistics, unemployment rate, and ISM manufacturing activity index, and it may become a wait-and-see pattern.![]()
The current situation, with increased uncertainty due to the presidential election and political and geopolitical factors, is expected to be challenging in September. We need to pay attention to a series of economic data, including important employment statistics that will be announced this week, to avoid getting burned.![]()
Regarding the interest rate cut, traders are expressing a view that it could become a trigger for selling stocks instead of stimulating a rise in stock prices.
Historically, during the initial phase of a major interest rate reduction, a decline in stock prices is more characteristic than an increase.![]()
Regarding the interest rate cut, traders are expressing a view that it could become a trigger for selling stocks instead of stimulating a rise in stock prices.
Due to various factors, the N stock seems to indicate a turning point in the market, as buying and selling are balanced.![]()
Last Friday, the N stock's closing price formed a cross and entered a liquidity zone, which could tilt in either direction.
This week, it will be important to see if it can maintain above 120.78 and continue to rise. However, there may be a wait-and-see pattern until Broadcom's earnings announcement and the release of economic data.
If it falls, there is a very high possibility of bouncing at 117/114/113, but in the worst case, it could drop below 110.![]()
It was expected to drop below 110 in October, but there is also a possibility of it happening earlier. However, it is also predicted that N and L will rise by mid-month.![]()
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