So what have I been doing the past 1 week since last Wednesd...
So what have I been doing the past 1 week since last Wednesday? buying the lows, sell the high. We caught multiple bottoms and tops.
Am I still bearish? Heck yes I am. I was warning of this correction since November 2021. I warned of this inversion of yield curve since start of Jan 2022 before even many talked about it. Do I think the correction is over? Chances are low but it is definitely possible.
Remember, there is no bull or bear side. ONLY the RIGHT side. Most importantly you follow the side that makes money. The market don't care what you think. You either follow the technicals and earn or you go against it and blow your account.
Why am I buying the lows for the past few days even though I mentioned I'm bearish over longer term like the weekly chart? Because of technicals. Simple as that.
I shorted at 15k+ and kept shouting bull trap when everyone was busy talking about new highs and buying the fake dip. After we reversed course, i have been slowly taking profits off my shorts on the way down and now switching to longs.
Are we going to new highs after this? I don't think so! But let's see if we do!
I know it's going to be another great week for me. And I hope it will be for you too.
Do watch the video to find out what technicals are pointing to what direction.
As always trade safe and invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos! www.youtube.com/c/investing101channel
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BruceLin8 : Rebound?
Investing 101OP BruceLin8: yes. as soon as today. we are positioned well for it.
BruceLin8 Investing 101OP:
! I hope so! Let's go!
Investing 101OP BruceLin8: the guys in my discord has been positioned well for it. shorts all covered. now on fully long positions. let's go!
MyDearQy Investing 101OP: Are you still holding some sqqq? Or sold all already?
BruceLin8 : @Investing 101can you look at Costco? Will it rebound also? Where is the support?
103857991 Investing 101OP: Would like to be enlightened on this rebound… does it refers to small retracement or?
Shuseido Investing 101OP: You mean the start of uptrend? Lower low is out of the picture?
Investing 101OP Shuseido: start of the rally upwards. we just completed the downwards move. 15.2k to 13.9k
Investing 101OP MyDearQy: we closed most. some have closed all. the rest will be tonight. and it's fully long here
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