A very eventful CNY, but in US markets.
On Thursday, the Nasdaq Composite, which is tilted towards tech shares, fell 3.7% for its worst daily performance since September 2020. The S&P 500 had its worst day in nearly a year, sliding 2.4%. The Dow Jones Industrial Average fell 518.17 points.
“The sharp drop in FB market cap today and the accompanying drag on the S&P500 index is ... a stark reminder of the high concentration of mega-cap Tech stocks in the S&P 500 — and the vulnerabilities that such concentration brings,” Goldman Sachs’ Chris Hussey said in a note Thursday.
Continue from yesterday's Sniper Blog posting, as per the H&S(pattern) target, price only touches the final exit target this morning at around 4:35am. It then traded back during Asia trading hours, form a sell signal during Europe open, and price is now back to 161.8% again.
On Lower time frame, which is the actual war place for Snipers to take action(Trade plan: H1 analysis, LTF Act on it).
Price formed a BBC & a nice "CC" on H1 chart during Asia trading zone leading into Europe open. "CC" traded to BJ- zone and on LTF, a sell signal formed.
Close up look on today's higher time frame chart analysis