"The 'Legs' To The Bull-Case Stool Are Narrowing"; After Volatile Week, Goldman Tech Trader Answers "Now What..?"

While the NDX remains in a trading range (dating back to mid-Jan), last week was a productive one with the NDX recapturing its 100-dma (closed on its 50-dma) as we cleared a few macro hurdles, helping to boost risk posture.

the legs to the bull case stool are narrowing after volatile week goldman tech trader answers now what

Source: Bloomberg

Authored by Tyler Durden via ZeroHedge May 5th 2024