The Federal reserve took a more hawkish tone in their latest rate meeting revising up the dot plot seeing higher interest rates in 2024 and beyond. The NASDAQ is typically sensitive to US rate increases, and this provides a natural headwind for gains.The weakest month of the year for the NASDAQ over the last 15 years has been the month of September which has been the only month that has shown losses.
Furthermore, from September 22 through to October 11. The average return has been a fall of 1.64%. There have been eight losses and seven gains so it is a roughly 50-50 split on teh win/loss ratio, but the losses have outpaced gains. So with the NASDAQ breaking out of a key daily trend line is more downside ahead into the end of the month?
Major Trade Risks:
The major trade risks here is that previous seasonal patterns do not necessarily repeat themselves each year.
Remember, don’t just trade it, Seasonax it
