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Prepare for a wild ride upcoming weeks

Loads of news coming up which can impact the market albiet Ukraine Russia concern.
Don’t forget FOMC member Bullard who will be speaking during the closed board meeting, Feb 14. Another FOMC meeting Feb 16, unsure whether the bulls or bear who will reign supreme affecting market sentiments.
TA for securities not looking good in the short term. Watchout for a huge correction if the
$SPDR S&P 500 ETF(SPY.US)$ dips below the 425 level of support. A big market correction is imminent.
S&P 500’s earnings yield plunge at an all-time low at -3.2% as US annual inflation woes continues to be up at least 7.5% highest since 1982.
Checkout the $SPDR S&P 500 ETF(SPY.US)$ open interest is high for put strike price at 424, 425 and 435 and 440. Logically, the market will try to test these levels to see which direction to follow suit.
Another one to watch is the
$CBOE Volatility S&P 500 Index(.VIX.US)$ also called the fear index particularly moving above $20 which currently closed 27 high last friday.
When we all thought the market correction was over suddenly a dead cat bounce occurred.
$Bitcoin(BTC.CC)$ not looking so good although it tested the $46k levels and dips back down. There is somewhat a positive correlation between cryptos and
$Nasdaq Composite Index(.IXIC.US)$
If this dips so they will decline too.
What will your game plan for next week?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Believer in value investing, swing trading on momentum plays
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