Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Technical Analyst, Saxo Bank
Identical picture on Nasdaq 100. Rejected at the resistance at 12,046 closing a few points above 0.786 retracement. June lows around 11,037 is likely to be tested.
Closing above 12,063 will demolish the short term bearish outlook.