NQ1 - Buy The Rate Cut Dip
Updated
These post interest rate decision areas tend to be high volatility with wild whipsaws.
We've certainly had high volatility with an immediate slam dump reaction today.
But bonds also dumped today and in what appears to be in a high time frame downtrend:
This is positive for stock indexes.
A 0.25 rate cut does suggest the FED is on track with inflation and it was what was expected.
So I think there is a good chance that this dump is the first wave of whipsaw and there may be significant bullish cause in the pipeline.
There is no telling where this dump ends but it has hit support and that does somewhat increase the chance of a reversal.
I'll give this one room to breathe and it may hit the lower support where I will add to my position if it does.
I think we may see a very bullish 2025 and this area might be a great dip buy opportunity.
Not advice.
We've certainly had high volatility with an immediate slam dump reaction today.
But bonds also dumped today and in what appears to be in a high time frame downtrend:
This is positive for stock indexes.
A 0.25 rate cut does suggest the FED is on track with inflation and it was what was expected.
So I think there is a good chance that this dump is the first wave of whipsaw and there may be significant bullish cause in the pipeline.
There is no telling where this dump ends but it has hit support and that does somewhat increase the chance of a reversal.
I'll give this one room to breathe and it may hit the lower support where I will add to my position if it does.
I think we may see a very bullish 2025 and this area might be a great dip buy opportunity.
Not advice.
Trade active
If you like this type of content then hit the BOOST / Comment 👍Trade closed manually
YM1 / NQ1 / ES1
Checking in on Dow Futures, I've realised that since the Nsadaq hit the 1.618, all 3 indexes have now hit the 1.618 Golden Window and none are significantly beyond the 1.786 overshoot ratio.
So I've decided this area is too risky for a knife catch.
There is too much risk of more downside and it could even be quite significant downside.
I have exited my Nasdaq trade at breakeven🤨.
We're into the Trump presidency bull phase🥳.
I have great trades and monitor many assets❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
I have great trades and monitor many assets❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.