Closelook at US Stock Markets - Post 03

NASDAQ and NASDAQ 100 are still firmly in consolidation mode. We were expecting a bounce to start from around the 50DMA.

Photo by Alice Pasqual / Unsplash

NASDAQ and NASDAQ 100 are still firmly in consolidation mode. We were expecting a bounce to start from around the 50DMA.

Some bounce took place, but so far, bull power has been very weak, and the market has firmly cut through the 50 DMA with the bears to be in control again since yesterday.

Now what?

Given this, we still ex…