The tech heavy Nasdaq Composite had a long tail reversal 2 days ago stopping the month long downside slide. Today, Nasdaq gapped up open due to strong earnings from MSFT and TXN and provides further upside momentum. Technically, this Nasdaq bounce may last 2 to 3 days as it goes up to challenge resistances at 14250 and 14500. Federal Reserve is to announce monetary policy today at 11AM Pacific Time. Since market has reacted negatively due to rate hike expectation, today's announcement is not likely to add more negativity and it may add positivity if commentary from the fed is less hawkish. Even though Nasdaq is still on a downtrend if it is not able to recover above 200 day moving average level 14733, but it is a tradable bottom for profit for the next few days.
两天前,以科技股为主的纳斯达克综合指数出现长尾反转,阻止了长达一个月的下滑。 今天,由于 MSFT 和 TXN 的强劲财报,纳斯达克裂口高开,提供进一步的上涨动力。 从技术上讲,纳斯达克的这次反弹可能会持续 2 到 3 天以向上挑战 14250 和 14500 的阻力位。美联储将于今天太平洋时间上午 11 点宣布货币政策。 由于加息预期已经导致市场反应消极,今天的声明不太可能增加更多负面因素。如果美联储的评论不那么鹰派,可能会是增加对市场的正面因素。 因此,尽管纳指如果不能向上收复200日均线水平14733,趋势还是看跌,但未来几天却是一个可交易赚钱的底部。
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