Nasdaq 13k Unloads on Buyers
Fed scared to reduce balance sheet
We highlighted in last weeks article the potential for the Nasdaq to run up to 12667 and potentially our ultimate re sell zone of 12889 and well, today’s CPI report, put an end to the bullish brigade. The 12889 was hit and blown thru briefly…yes we mean briefly as the market utterly took a dump all over itself after the inflation news came out. the Nasdaq wiped out a week worth of gains, falling over 800 pts high to low:
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