So we have a better than expected GDP report. Better jobless...
So we have a better than expected GDP report. Better jobless claims. Will this finally give us a relief rally or will it continue to sell off? Jackson hole symposium starts today as well with powell speaking tomorrow.
Markets seems to want to cover top gaps before resuming with downfall. I still believe Aug will likely close GREEN instead of RED.
Sept is when we will see markets struggle again when QT doubles and it finally sinks in to investors that it is not a bullish news for the forward looking market.
Most importantly, know your support and resistances so you aren't buying high and selling low! Stocks tagged all have their technical analysis done in the video!
As always trade safe and invest wise!
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bwjx : wow. China stocks having a great rally. don't know how it will go for the us side.
Investing 101OP bwjx: great scalp day after 2 days of consolidation.. hourly timeframe shows bearish signs now. Daily still looks like it can potentially go up for another day or 2.
Investing 101OP bwjx: i closed my kweb call too early.. haha..didnt get that pump today
70577469 bwjx: Us stocks make money no matter whether they rise or fall slightly. This wave of sharp falls has seen SPXU rise from 13 to 15. Learn about UVXY. It's too hard to make money from the Chinese stock market, and the leeks are cut too hard.
70577469 bwjx: It is also best not to touch Chinese stocks.
dwarrior Investing 101OP: Nice. Congrats. I wait till more direction to go in.
dwarrior : Which side of the house you are at. Bearish or bullish. Lol
Investing 101OP dwarrior: bullish for now. i was bullish since tuesday after i saw inverted hammer on NDX.
dwarrior : GG.
bwjx : now bearish.
gap down as soon as talk started.
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