NQ went red yesterday after a huge rally last week. It is ag...
NQ went red yesterday after a huge rally last week. It is again going green today on globex. Based off my analysis on my video, I mentioned I am doubtful this is the real rally. This is likely a small relief rally aka bull trap before going lower.
What might happen today, retest current rally high at 12500 for NQ and start selling off after that.
We were positioned for this. But after looking at it last friday, I started having my reservations.
The chances of this being a melt up is small but not entirely impossible.
The chances of this being a melt up is small but not entirely impossible.
There are some signs why I feel this is only a small rally before lower lows or retest of lows. Watch the video to find out!
Stocks tagged also have their technical analysis done!
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
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Royce8282 : better for us to take profit first?
dwarrior Royce8282: Really up to you. Lol. Just follow your trade plan
KoryoDragon Royce8282: this is a question best answered by yourself buddy~
Investing 101OP dwarrior: thanks for that. very true
VogueHereIAm : Ya, I also think today is a bill trap. Let it trap la before it plunged again. The Fed needs liquidity lol
VogueHereIAm VogueHereIAm: Bull trap
101771265 : So do you mean Meta Baba Nio and most stocks will still be hitting lower lows than before?
W Chiang : Loaded sQQQ pre market, no regrets
W Chiang :
dwarrior W Chiang: Well done
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