Let the market makers go first
Some of the indices / stocks are at “no man’s land” - in other words, rebounded off the bottom, but not quite able to break its respective resistance levels.
$Apple(AAPL.US$ - Sitting nicely on $159 (mentioned in my video that it’s a strong resistance/ support). Needs to reclaim $165 to be bullish. Otherwise, $155 will be tested again, and then followed by $150
$Tesla(TSLA.US$ - sitting just above 200MA of $907. Same as Apple, needs to reclaim 50MA at $938 and close above it to be bullish
$SPDR S&P 500 ETF(SPY.US$ - nice bounce off recent low and sitting on March’s low. Needs to stay above 420 and reclaim 436 to be slightly bullish (but doesn’t mean out of the woods yet)
$Invesco QQQ Trust(QQQ.US$ - sitting just above March’s low - waiting for a direction? Anything below 330 doesn’t look bullish to me at all
Seems like everyone’s waiting for things to happen![]()
Remember, let the institutions go first. Let them decide how they want the market to move. And we go with them (though it’s easier said than done haha![]()
)
PS: Just my personal thoughts - we may get a rally after FOMC’s meeting if no surprise from Powell and team. From there, will need to observe again to see if it’s a dead cat bounce or journey to the moon. The latter seems unlikely for now.
Disclaimer: not financial advice, don’t follow my views blindly. Cheers and invest safe alright![]()
$Apple(AAPL.US$ - Sitting nicely on $159 (mentioned in my video that it’s a strong resistance/ support). Needs to reclaim $165 to be bullish. Otherwise, $155 will be tested again, and then followed by $150
$Tesla(TSLA.US$ - sitting just above 200MA of $907. Same as Apple, needs to reclaim 50MA at $938 and close above it to be bullish
$SPDR S&P 500 ETF(SPY.US$ - nice bounce off recent low and sitting on March’s low. Needs to stay above 420 and reclaim 436 to be slightly bullish (but doesn’t mean out of the woods yet)
$Invesco QQQ Trust(QQQ.US$ - sitting just above March’s low - waiting for a direction? Anything below 330 doesn’t look bullish to me at all
Seems like everyone’s waiting for things to happen
Remember, let the institutions go first. Let them decide how they want the market to move. And we go with them (though it’s easier said than done haha
PS: Just my personal thoughts - we may get a rally after FOMC’s meeting if no surprise from Powell and team. From there, will need to observe again to see if it’s a dead cat bounce or journey to the moon. The latter seems unlikely for now.
Disclaimer: not financial advice, don’t follow my views blindly. Cheers and invest safe alright
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Milamber : Thank you for sharing your insights and friendly view. It looks the FOMC decision will be only today (2AM) our time, so the actual news won't come out until closer to market close?
Cow Moo-neyOP Milamber: Welcome
Yup, there will be a press con after the meeting. And news can take up to a day to digest, so the market effect / reaction may drag into tomorrow
Milamber : It takes us human, a day to digest but those AI and RoboTraders will reach in miliseconds :)
Cow Moo-neyOP Milamber: Haha yup, but the humans need to digest first before setting algos in the system
user77248281 Cow Moo-neyOP: past 2 days is relief rally? but we may still be in bearish trend?
moonbright : I have the same sentiments - unlikely to be shooting to the moon yet.
Cow Moo-neyOP user77248281: For now, I believe we are still in bearish trend. Need to see how the market moves in the next 2 days or even next week
moonbright : I still hope to load up some stocks b4 we fly to the moon. In your opinion, which sector/stocks will you be looking to load up at the dip if there is indeed one?
Cow Moo-neyOP moonbright: I’m currently aiming Tesla and Apple. Not because I think they will dip more than other stocks, it’s more of I need more allocation for these 2 stocks in my current portfolio
moonbright Cow Moo-neyOP: I'm looking to start a position at Tesla too. What do you think is a good entry price? It has been yoyo-ing the past week.
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