FOMC is coming this Wed. we have tons of important data comi...
FOMC is coming this Wed. we have tons of important data coming this week as well too.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ almost broke the recent lows. $E-mini S&P 500 Futures(JUN4)(ESmain.US$ also close to breaking 24th Feb lows which have held for 2 months so far.
$VIX Index Futures(MAY4)(VXmain.US$ also looks to be ready for another run.
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ almost broke the recent lows. $E-mini S&P 500 Futures(JUN4)(ESmain.US$ also close to breaking 24th Feb lows which have held for 2 months so far.
$VIX Index Futures(MAY4)(VXmain.US$ also looks to be ready for another run.
But despite all this $USD(USDindex.FX$ also finally did a pullback after hitting 104 resistance. With USD pulling back to 101 or potentially lower, what does it mean for the indices?
what to expect now? Do we go new lows or do we reverse here as a double bottom on the $S&P 500 Index(.SPX.US$? it's all explained in the video!
The stocks tagged in this video also have their technical analysis done! last week we had a week full of traps, this week we will get it too!
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 : Short squeeze this week?
bwjx : Maybe it will be a relief rally after the fomc meeting, but shall let the indicators tell the story.
Thanks for the weekly update Master 101.
Investing 101OP bwjx: yes bwjx i believe something like that too. but we will see as it goes. because its just speculation. Based on indicators it does show this is a likely scenario
Investing 101OP user77248281: yup that's for sure
W Chiang : Loaded 50 shares tqqq at 36.9 haha. Light touch only
dwarrior : Relief rally today and tmr? Lol
dwarrior dwarrior: Bull Trap... Kaoz
dwarrior : Is VIX breaking 35?
W Chiang dwarrior: Nope still go long for days. Indicators 4h and Daily didn't heat up.
dwarrior W Chiang: Nice. Buy Low Sell High... Congrats
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