We are seeing a very interesting situation on US100. After the strong rise that was associated with TSMC and then Nvidia, attention now shifts to Fed action and the earnings season. Today after the session, Netflix will publish results, while tomorrow it will be Tesla.
As you can see, technically we are seeing the formation of a downtrend formation, and in addition we are seeing further increases in yields. We see a large divergence between the US100 and yields, although at the same time, with Netflix's good results, a continuation of the current upward trend cannot be ruled out.
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Source: xStation5
Comparison with Netflix. The company has made up about 2/3 of the 2021/2022 declines. source: xStation5
