Weekly Technical Update: Nasdaq 100 – Sunday, Dec. 22


shallow focus photograph of black and gray compassImage Source: UnsplashThis past week was an interesting one, and I will attempt to unpack a great deal of information about it in this video. The market received what it had already factored in prices, that being a 25 bps cut in rates. However, Fed Chair Powell “rained on the parade” by stating the amount of cuts in 2025 would likely be less than anticipated by the market. That started the avalanche to the downside.In this video, I discuss what I believe was the underlying driver of the sellers. I also talk about the massive options expiration on Dec. 20, as well as the possible implications of this event. The markets are and will continue be in holiday mode for the next two weeks. This is likely to keep volatility on the high side on an options basis. Lastly, I wish everyone a very happy holiday.00:38:26More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Dec 19Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Dec 18Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Dec 17

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