So after the huge rally on friday, rally did show some weakn...
So after the huge rally on friday, rally did show some weakness. I am not expecting this rally to last long, we should go back down to retest lows or break a new low again.
I have explained all in my video attached below. Do watch it to understand why I feel so despite NDX and SPX has both hit my price objectives of a correction. But I do think we have a little lower to go or at least a double bottom.
Stocks tagged below also have their technical analysis done! So know your support and resistance so you dont buy high and sell low!
As always, trade safe & invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos! www.youtube.com/c/investing101channel
$CBOE Volatility S&P 500 Index(.VIX.US$ $VIX Index Futures(MAY4)(VXmain.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $S&P 500 Index(.SPX.US$ $NASDAQ 100 Index(.NDX.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $Apple(AAPL.US$ $Tesla(TSLA.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Search Investing 101 channel for my YouTube! Subscribe to stay ahead of the market with my weekly videos!
12KFollowers
7Following
79KVisitors
Follow
W Chiang : Too many uncertainties. Pulled majority shorts and longs out. Hold cash and wait clear signal
Investing 101OP W Chiang: im positioned short for now.. took calls off..
102205660 Investing 101OP: lower low first?
W Chiang : Tqqq
BruceLin8 : What does Vix down, and spy down mean?
LuckyPiggie BruceLin8: means near bottom
W Chiang : ok i m balanced no gains nor loss..
BruceLin8 LuckyPiggie: Bottom for what?
generous Cheetah 383 BruceLin8: Means more down when Vix spikes again
Casual Trader : a lot of margin calls which led to the big drop, after that is done, we should rally back to end the 7 straight week on week decline before we know if it will go back to test new lows. Prob 13k for qqq will be a better place to sell
View more comments...