Last week in review 👉🏻Market Review+Position Analysis (01/07-05/07 2024)
A major incident occurred today (Sunday). Former 🇺🇸 President Trump was shot by a sniper. Almost GG. Let's see how the capital market interprets the impact of this incident next week 👇
A quick review of this week's markets:
$NASDAQ 100 Index(.NDX.US)$ Funding is attracted on Monday, disagreements on Tuesday, and distributed on Thursday;
$S&P 500 Index(.SPX.US)$ Disagreements on Monday and Tuesday, distributed on Thursday;
$Russell 2000 Index(.RUT.US)$ We attract funds every week, three days a week, and four days.
RUT>SPX>NDX.
There was an obvious large-scale transfer of capital on Thursday. Judging from the results, fund managers quickly deleveraged large stocks and quickly established positions in small and medium-sized stocks at the same time. The market breadth reached a major inflection point on Thursday and Friday. If this market continues and RUT forms a higher consolidation range during the fall (September/October) market consolidation, it will open a gold trading window for traders.
Weekly chart:
NDX and SPX can accept a slight downward adjustment in the future, and sideways trading will be a stronger symbol; the RUT closing price has broken out of the consolidation range of more than 2 years, and now it is necessary to continue the current upward strength to prove the effectiveness of the start of the market.
Market sentiment:
Before opening on Thursday...

$NVIDIA(NVDA.US)$ Always ranked 128

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$NVIDIA(NVDA.US)$ 136😍

$NVIDIA(NVDA.US)$ Run or stay?

$NVIDIA(NVDA.US)$ How much out of 132 is moving back