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Luke (🎩, 🤌)
@intrinsic
MARKET COMMENT WEEK OF JULY 8 Upward trend remains but CPI on Thursday will determine how we end the week. With Indexes repeatedly breaking new record levels, traders will be cautious for the quick turn. There are some downgrades on NVDA which could threaten the tech run, watch for NASDAQ 50day key support at 17,951. BTC volatility continues as bearish technicals are met with quick oversold bounces. Expect more of the same but direction remains for lower lows, 51k level will be strong support.
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