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Can we expect the S&P500 or Nasdaq to bounce?

by Neville Hornsey
10 May 2022
in Index
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The US major indices dropped heavily yesterday to some significant levels. This morning’s price action indicates there is some profit-taking or hedging occurring before the CPI data tomorrow. Friday’s low is currently the line in the sand for me, where if we get a close above that level, my idea would be to trade up to the FOMC highs. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:11 NASDAQ

2:50 S&P 500

6:24 VIX

6:49 TLT

7:19 AIRBNB Inc.

7:39 NETFLIX

8:15 COSTCO

8:33 BROADCOM INC.

8:50 FACEBOOK

9:04 TESLA

9:38 AMAZON

10:19 GOOGLE

10:41 MICROSOFT

10:47 APPLE INC.

Tags: IndicesInflationInterest ratesNASDAQUSA500
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