This week's forecast ① 🤔🧐

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.

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.