Technical break
As shared in my previous post, expect a technical break in the stock market. S&P500 has snapped its longest winning streak since 2021.
Some media attribute the sell off to Powell’s speech (which sounds to me pretty much the same messaging), while other news outlet are saying it’s the bond yields that caused the decline. Some are saying both.
Regardless of the reason, this decline is needed before the market can go higher.
In fact, in my video, I shared that SPY may hit resistance and retrace back to test a particular trendline. We are almost there. Check out my video for more info
Some media attribute the sell off to Powell’s speech (which sounds to me pretty much the same messaging), while other news outlet are saying it’s the bond yields that caused the decline. Some are saying both.
Regardless of the reason, this decline is needed before the market can go higher.
In fact, in my video, I shared that SPY may hit resistance and retrace back to test a particular trendline. We are almost there. Check out my video for more info
From YouTube
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Arm Holdings(ARM.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Amazon(AMZN.US$ $Meta Platforms(META.US$ $Microsoft(MSFT.US$
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rendy masarai :
OceansWave : Powell somehow brings out the bear in the market..
Cow Moo-neyOP OceansWave: About time I guess haha
OceansWave Cow Moo-neyOP: He just gives it a little push… believe some of the technicals were already show some signs..