Incoming relief rally should come next week or as soon as to...
Incoming relief rally should come next week or as soon as today to squeeze out shorts. But this is not the time to load up long positions unless you are just trading. It is a good time to exit some positions if you have not.
After the relief rally, it should continue down for more pain by next FOMC meeting for a longer term downtrend if this is indeed going to be a bear market.
Inflation is still expected to rise and Feds will have to decide between a bear market/recession or inflation further getting out of hands.
Like I mentioned, 2022 is not going to be the same as the last few years. If you only entered trading/investing since 2019/2020, you will be in for a huge shock at the curve ball the market is about to throw to you.
As always trade safe and invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
https://www.youtube.com/c/investing101channel
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BruceLin8 : Will there be a backlash today? Where is the next branch?
Investing 101OP BruceLin8: Either today or next week. Today is OpEx. They planned to kill those who bought SPY & QQQ LEAPS last year. That's why the whole week we kept falling. Wonder how many who bought those LEAPS saw their options went from ITM to OTM lol.
Jet Bomb : this is dead the moment the death cross happens on the monthly
BeBlessed : Bro, you mean short (even for indices) is better now because overall is more inclined to downside bias?
Investing 101OP BeBlessed: Wait for the pop. Then you short. Now you short, you will get squeezed. It's at support.
Investing 101OP Jet Bomb: Death cross is a lagging indicator. And it is not proven to always work because sometime the cross happens, it is already recovering. Use price action. Its more reliable.
Jet Bomb Investing 101OP: we are on a 4 of a 9 count to the down side dropped below the 200ma in the daily this market is cooked
Jet Bomb : I you can't see 3 or 4 divergences you should change your name or delete this profile.
Jet Bomb : If you can't see 4 divergences on the indicators you should change your name or delete this profile.
Investing 101OP Jet Bomb: Yes I spotted the divergence ages ago. Should watch my video.
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