So we had a FED Rally as many would have expected. Indicator...
So we had a FED Rally as many would have expected. Indicators were pointing to shorts covering, bulls entering despite prices were falling. If you saw it and positioned for it, kudos to you. if you did not, don't worry as the market is always here you'll get other chances to be on the right side in the future.
What are we to expect now? Based on my analysis. there are certain things to look out for to ensure this rally has more juice for it to last the next few weeks or if it will be a weak bull trap.
I have reasons to believe this will be a significant rally due to certain indicators and data but as the rally just started, it is just a guess for now. So I will be monitoring it day by day basis to see whether it fulfills what I'm looking for to determine the strength of the rally.
Watch the video tagged to know your support levels for the stocks tagged in this post so you know where to buy on retracement and whether you are buying at the resistance or support! Nobody likes buying high, so don't be the one that do it.
Get the entries right and you can easily make 10-50% profits intraday sometimes. Get it wrong and you will always find yourself buying high losing money.
What are we to expect now? Based on my analysis. there are certain things to look out for to ensure this rally has more juice for it to last the next few weeks or if it will be a weak bull trap.
I have reasons to believe this will be a significant rally due to certain indicators and data but as the rally just started, it is just a guess for now. So I will be monitoring it day by day basis to see whether it fulfills what I'm looking for to determine the strength of the rally.
Watch the video tagged to know your support levels for the stocks tagged in this post so you know where to buy on retracement and whether you are buying at the resistance or support! Nobody likes buying high, so don't be the one that do it.
Get the entries right and you can easily make 10-50% profits intraday sometimes. Get it wrong and you will always find yourself buying high losing money.
the above is to show you entries can be great. Thus I cropped out the ticker.
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
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
$CBOE Volatility S&P 500 Index(.VIX.US$ $VIX Index Futures(MAY4)(VXmain.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $S&P 500 Index(.SPX.US$ $NASDAQ 100 Index(.NDX.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $Apple(AAPL.US$ $Meta Platforms(FB.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Alibaba(BABA.US$ $Palantir(PLTR.US$
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LuckyPiggie : hello boss101 again .. spy hitting 429 yest .. very close to 430. does that mean short squeeze is coming in or spy will be going south?
Investing 101OP LuckyPiggie: good question. If we break support today, its going down and rejected at 430. If we hold support, likely we will break 430 and go higher
dwarrior : Very red today.
dwarrior dwarrior: Bear trap later. Lol
BruceLin8 : Broke it?
Investing 101OP dwarrior: waiting for reaction. If it holds, buy more. if not, short. Already closed my calls in small profits just now on open
dwarrior Investing 101OP: Hold at which level? Vix or SPY?
LuckyPiggie Investing 101OP: now abit late to short i guess ... last nite gain all gone
Moomoobo Investing 101OP: Boss 101 “if it holds” refer to which ticker and/or what level ?
v1invest : short massacre ?
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