Are we hitting the bottom yet? When are we gonna rebound? I received emails asking me these types of questions. I think we are going to see the bounce soon, today or early next week. The question is if the bounce is worth of playing. I think the bounce is an opportunity to unload any long positions if traders still have it and to prepare the short list for the next round of decline.
If the Fed does not cut the interest rate soon, I think we are heading to 2050 on the NASDAQ.
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