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❤️Tonight, two key events will determine the direction of the market:
The release of the non-farm payroll data and Powell's speech.
The non-farm payroll data will be released one hour before the market opens, and Powell's speech is scheduled for noon.
These two events may lead to the following scenarios:
If the non-farm payroll data is very poor and Powell reassures the market: the market will rise initially and then fall, and may continue to decline next week.
If the non-farm payroll data meets expectations and Powell reassures the market: the market will see a rebound, ideally recovering the losses from Thursday, with QQQ returning to 500 points.
If the non-farm payroll data is very poor and Powell does not reassure the market, this week will end with a 'Black Friday.' Bulls will completely give up, and the stock index will reach extreme pressure levels.
The best-case scenario is that after all the bad news is out next week, the market begins a technical rebound, but after the rebound ends, it will quickly continue to fall, possibly for up to 3 months, similar to the trend in the second half of 2023.
If the non-farm payroll data meets expectations and Powell does not reassure the market, delivering hawkish remarks: the market will mainly move sideways, initially rising and then falling, ultimately recovering some of the gains.
In summary, the momentum does not look good, everyone should be prepared!
The release of the non-farm payroll data and Powell's speech.
The non-farm payroll data will be released one hour before the market opens, and Powell's speech is scheduled for noon.
These two events may lead to the following scenarios:
If the non-farm payroll data is very poor and Powell reassures the market: the market will rise initially and then fall, and may continue to decline next week.
If the non-farm payroll data meets expectations and Powell reassures the market: the market will see a rebound, ideally recovering the losses from Thursday, with QQQ returning to 500 points.
If the non-farm payroll data is very poor and Powell does not reassure the market, this week will end with a 'Black Friday.' Bulls will completely give up, and the stock index will reach extreme pressure levels.
The best-case scenario is that after all the bad news is out next week, the market begins a technical rebound, but after the rebound ends, it will quickly continue to fall, possibly for up to 3 months, similar to the trend in the second half of 2023.
If the non-farm payroll data meets expectations and Powell does not reassure the market, delivering hawkish remarks: the market will mainly move sideways, initially rising and then falling, ultimately recovering some of the gains.
In summary, the momentum does not look good, everyone should be prepared!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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