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NASDAQ 100 futures just dropped as after-hours trading closed
Investor summaryBearish
NASDAQ 100 futures fell after hours; author suspects MU's earnings-driven rally is a trap to use buyers as exit liquidity.
Bull points
- MU earnings temporarily halted a 2-3 day tech sell-off.
Bear points
- NASDAQ 100 futures dropped after hours.
- Buyers lost interest mid-way through MU's earnings call.
- Suspects the MU rally is a rug pull to use buyers as exit liquidity.
Post body
As after hours trading came to a close, NASDAQ 100 futures dropped 50 basis points as most market participants could no longer sell stocks.
After MU earnings saved the 2-3 day tech sell-off that saw many darlings, like the memory stocks, seemingly in free fall, buyers fizzled out mid-way through the earnings call. A few hours later, NASDAQ 100 futures began selling off towards Tuesday’s price range.
Do you think they are trying to rug MU buyers/ use them as exit liquidity????
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