Market review preview ๐
On the last trading day of this week, the market once again initiated a brutal squeeze of bears (caused by a sharp increase in the shorting ratio on Friday). The โangerโ and โfearโ of some shorters controlled the release of personal behavior (such as retaliatory trading due to anger, hopelessness to close positions after fear, etc.)... The market is doing what it has been doing, and it began 100 years ago, with endless repetition...
$S&P 500 Index(.SPX.US$ The upper gap has been filled (far exceeding my expectations), and there is no intention of pulling back at all. The range directly broke through the gap after 4 days of consolidation. Currently, it has hit a downward trend line. The details will be shared on Sunday.
May the โprophetsโ who insist on QQQ 310-330, 265, 165 recover quickly... (I always say don't prove yourself right, because the market is always right...)
Finally, I wish you a happy weekend~
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iamiam :
sTone83OP iamiam: Before anyone panics about a ratings company downgrading the outlook on the U.S., just step back and take a look at their record.
It has been meaningless for any major market. S&Pโs 2011 downgrade nearly nailed the bottom in stocks.
When it comes to individual stocks, ratings downgrades have been proof that their analysts are no better than hindsight-looking, emotion-driven investors.
This is from an April 2020 research note
Buffalo : Cheers
brothers.