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With the pennant breakout, the target is 101K
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$NDX #US100 The index, after dropping to the EMA21—the blue average—at 19,073 due to weak data, made an incredible recovery. It surpassed the EMA50 and is on the verge of breaking above the EMA200
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These data points have one clear meaning: stagflation. Now let’s see what those who were saying, “Why didn’t you buy at the bottom?” will say. The economy is not a joking matter! The strong economic data that was in a Goldilocks scenario just a month ago has taken a drastic turn...
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