Mag-7 Lead to the Retrace
Hello everyone! Today i want to share some technical analysis with you!
1.
Mag-7 led today's retrace--while the rest of market played catching-up to yesterday's moves. $Cboe Volatility Index(VIX)$
Seems odd IF the softened CPI data does put FED back on track with more cuts. More likely that the rationale behind post-CPI rally was a misplaced delusion.
Gap-Fill Coming at 5842.
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2.
Rinse, repeat. [if a large gap-down open tmrw, then a high chance that $NASDAQ 100(NDX)$ would re-visit the lower blue trendline, for the sake of pattern perfection.]
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