NDX Sell Incoming 📉📉📉

Hello, good day traders! 👋🤙

I'm looking for a potential sell 📉setup for $NASDAQ 100 Index(.NDX.US)$ , with both fundamentals and technicals to back up this analysis.

📰Fundamentally, the US CPI and PPI readings were better than predicted. The preliminary UoM Consumer Sentiment was also higher than anticipated. Building permits were also higher than projected, indicating that banks are eager to lend money, signaling that the economy is improving. However, bad news from major firms in terms of earnings and full-year guidance could prematurely stop the rally and see the markets head down yet again.

🤔On the technical front,

1.) I'm looking for a sell entry at 12473.33 where the market gap and 61.8% Fibonacci line are located.

2.) My stop loss will be at 13175.25 slightly above where the 78.6% Fibonacci line is located.

3.) My take profit will be at 11037.21, where the previous low and 100% Fibonacci line are located.

Trade Entry recommendations:

Sell Entry: 12473.33 📉

Take Profit: 11037.21 💲

Stop Loss: 13175.25❌

Other tickers to recommend:

For 5x Long Leverage: $Nasdaq 5xLongSG240425A(CZFW.SG)$

For 5x Short Leverage: $Nasdaq 5xShortSG240425(CXEW.SG)$

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Lee Kuan Yew

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