In today’s briefing:
- A Dive Into DeFi
- NASDAQ 100 E-Mini Futures (NQ1) – Our 13740 Target Was Achieved Last Week – Ongoing Bullish Bias
- US 10YR Yield (USGG10YR) – Weekly Close Confirms a Renewed MT Uptrend – Target 3.90/3.95
A Dive Into DeFi
- As technology continues to shape our lives and work environments, one significant innovation is ready to transform the financial landscape: smart contracts.
- These self-executing digital agreements, powered by blockchain technology, are set to redefine financial services by extending their availability, increasing their scope, and transforming the very foundation of how we manage our financial lives.
- While still in the early stages of development, smart contracts have already begun to showcase their potential through promising use cases and working products, offering a tantalizing glimpse into the future of finance.
NASDAQ 100 E-Mini Futures (NQ1) – Our 13740 Target Was Achieved Last Week – Ongoing Bullish Bias
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- On 27 March 2023 we identified a pending 6.2% upswing in NQ1 and 13740 target. A further bullish outlook would hinge upon the response to 1yr range highs at 13740.
- Our interim target at 13740 was achieved and exceeded last week. The weekly close above 13740 identifies an evolving MT uptrend. Interim target at 14350. Potential to 15000+ in 2023.
US 10YR Yield (USGG10YR) – Weekly Close Confirms a Renewed MT Uptrend – Target 3.90/3.95
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- US 10yr Yield broke above its 4 decade downtrend at 2.70 in 2022, confirming a positive multi-year outlook and target towards 6.24 (38.2% retracement of the LT downtrend).
- Last week’s weekly close confirmed a renewal of the MT uptrend bias after a multi-month period of consolidation finally produced a definitive positive breakout above 3.57/3.64. Interim target at 3.90/3.95.
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