I would not rush to buy for now.
Pascal
I would not rush to buy for now.
Pascal
After early weakness, the NQ8 sector has bounced but on a relatively weak Money Flow.
This indicates that investors are not ready to buy NQ8 weakness yet.
Pascal
When liquidity is not present then bounces are not sustainable.
Pascal
No need to rush to buy weakness here: the Money Flow is still negative and the etch side of the market is taking a hit, especially the semiconductors.
Pascal
This type of linear accumulation points to outside money destined for market support.
Not good to be short here unless that money vanishes.
Pascal
Similar bearish pattern as what we had on March 1rst.
Pascal
I did not expect to see this type of selling today. We can also note that the price bounce does not seem to be attracting money.
My guess: inflation/rate hike fears next week.
Pascal
The 20DMF and the NQ8 still feel heavy today, but it is Friday and algos might have been disconnected waiting for Monday and hoping that no trade war issues will emerge over the weekend.
Pascal
Today is a non directional consolidation day
Pascal
No sign - yet - that Santa Claus is preparing some present from China.
We should expect some trial rumor anytime though.
Pascal
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