So last week we had a drop and pop week! Bear trap early in ...
So last week we had a drop and pop week! Bear trap early in the week then reverse up to create another high on this rally!
I know the bear trap caught many offguard. but it is understandable as aggressive rallies like this takes place in a bear market. Thats why you have to stay nimble! It was a call I had to make to close all my shorts on tuesday low despite being bearish on the overall trend because of aggressive rallies that can easily trap you.
But finally, 1st weakness spotted on this bear rally. Is it really coming to an end?! Watch the video as I share what are the weakness spotted that make this recent push up differente from all the other rallies we had the last few weeks! Also what are the possible resistance?
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
$CBOE Volatility S&P 500 Index(.VIX.US$ $VIX Index Futures(MAY4)(VXmain.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $S&P 500 Index(.SPX.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $NASDAQ 100 Index(.NDX.US$ $Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $Apple(AAPL.US$ $Alphabet-C(GOOG.US$ $Meta Platforms(META.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$
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
102175775 : has been consistently wrong for the last 2 weeks on his weekly tech calls. to hv his view switch within a day is as good as punting 50 pct up n 50pct down.
bwjx : Thanks for sharing investing 101.
Wasn't nimble enough and had a small loss. But is OK, will continue to move on. 
102517099 102175775: Back in March 22, he gave a doomsday scenario and there would be a panic sell, baba will drop to 60, etc. But market had weeks of huge rallies instead. Many were cursing.
As what some people say, he is a salesman.
icezzz : sifu 101, thanks for ur TA sharing.
always great reference for me.
sociable Skunk_6945 : Junk
102175775 : hvg made my comments, i stil find his technical reading interesting n good balance for one not to get too bullish or bearish. also, make our own decision n not to be too dependent on other people's technical calls. like the adage saying, gurus (sifu) die first.
102517099 102175775: Yes, u r right. I have learnt my painful lessons. Don’t be too independent on technical calls from others. Esp those without name and face and the background is unknown.
勇敢NewNiu : Success has fooled a lot of people.
W Chiang : Hope 101 didn't get depression after reading the posts.