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Understanding candlesticks
Candlesticks are used to show the price action of a stock. They are the foundation of technical analysis (TA). Technical indicators are applied to them in TA. A chart is made of bars that have little lines stemming from the top and the bottom; these are known as candles. The candle conveys 4 pieces of information: open price, close price, high price and low price.
Candles refer to that information for a specific period of time. For a daily ch...
Candlesticks are used to show the price action of a stock. They are the foundation of technical analysis (TA). Technical indicators are applied to them in TA. A chart is made of bars that have little lines stemming from the top and the bottom; these are known as candles. The candle conveys 4 pieces of information: open price, close price, high price and low price.
Candles refer to that information for a specific period of time. For a daily ch...
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There were only 3.5 trading days this week, and the trading volume was low. In my eyes, it seemed rather bland. Although VIX showed a brief 20% increase on Thursday, the market closed in an upward reversal, so there was no panic or sell-off in sight...
$S&P 500 Index(.SPX.US$ with $NASDAQ 100 Index(.NDX.US$ A similar, more obvious low volume of trading appears to be taking a break or waiting for something;
$Nasdaq Composite Index(.IXIC.US$ There was a decline in high trading volume on Thursday. We need to pay a little attention here. Nasdaq's small to medium growth stocks showed some selling pressure on the same day
$Dow Jones Industrial Average(.DJI.US$ The trading volume was also relatively lackluster, and the performance was relatively poor. The reason for this is none other than that during this AI boom, fund managers, investors, and traders temporarily lost interest in established value stocks. Everyone unannounced that money from established value stocks was taken out little by little and queued up for AI concept stocks (this is the most reasonable development trajectory I can think of (this is the most reasonable development trajectory I can think of)
It will continue to be bullish next week, don't ask why... Until the uptrend is broken, you can just trade according to the original trend until the market “tells you” you need to sell
$S&P 500 Index(.SPX.US$ with $NASDAQ 100 Index(.NDX.US$ A similar, more obvious low volume of trading appears to be taking a break or waiting for something;
$Nasdaq Composite Index(.IXIC.US$ There was a decline in high trading volume on Thursday. We need to pay a little attention here. Nasdaq's small to medium growth stocks showed some selling pressure on the same day
$Dow Jones Industrial Average(.DJI.US$ The trading volume was also relatively lackluster, and the performance was relatively poor. The reason for this is none other than that during this AI boom, fund managers, investors, and traders temporarily lost interest in established value stocks. Everyone unannounced that money from established value stocks was taken out little by little and queued up for AI concept stocks (this is the most reasonable development trajectory I can think of (this is the most reasonable development trajectory I can think of)
It will continue to be bullish next week, don't ask why... Until the uptrend is broken, you can just trade according to the original trend until the market “tells you” you need to sell
Translated
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Bears have a taste of blood yesterday. Will they taste more today? The thing that possible stopping that would be the job report that was just released.
An easing job market will ease fear of more interest rate hikes.
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Microsoft(MSFT.US$ $NVIDIA(NVDA.US$ $Meta Platforms(META.US$ $Alphabet-C(GOOG.US$ $Alphabet-C(GOOG.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Unity Software(U.US$ $USD(USDindex.FX$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $iShares Russell 2000 ETF(IWM.US$
An easing job market will ease fear of more interest rate hikes.
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Microsoft(MSFT.US$ $NVIDIA(NVDA.US$ $Meta Platforms(META.US$ $Alphabet-C(GOOG.US$ $Alphabet-C(GOOG.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $Unity Software(U.US$ $USD(USDindex.FX$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $iShares Russell 2000 ETF(IWM.US$
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a quick update
BE CAREFUL
Trend is shifting, 2 red days brings caution. watch support.
be careful
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
look at around 15000 for support
The near term, look for around 15100 to hold, if it breaks that get more bearish
There is support at 15126.50. I'm actually looking for a bounce today, then probably more downside.
$Invesco QQQ Trust(QQQ.US$
look for 360 to hold. below 359 and get more bearish.
$Intel(INTC.US$
34.72 yesterday's low ...
BE CAREFUL
Trend is shifting, 2 red days brings caution. watch support.
be careful
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$
look at around 15000 for support
The near term, look for around 15100 to hold, if it breaks that get more bearish
There is support at 15126.50. I'm actually looking for a bounce today, then probably more downside.
$Invesco QQQ Trust(QQQ.US$
look for 360 to hold. below 359 and get more bearish.
$Intel(INTC.US$
34.72 yesterday's low ...
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1. Spend less than you earn
2. Invest the difference
3. Repeat for decades
For most people, slow and steady is the best way.
$Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$
2. Invest the difference
3. Repeat for decades
For most people, slow and steady is the best way.
$Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$
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$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ 14700-14800.. above 15000 this week.. bavk to ATH at start of Q3. 18k closing by end 2023
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$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ very interesting market. if you see most big caps they are already near ATH. so my guess MM is likely playing the index to manage risk with the reserve cash.
my guess the debt ceiling will be cleared as Yellen extended the deadline to June 5. this will give Yellen some time to get the cash needed to pay the debt interest to avoid credit rating down grade.
but we still have inflation and oil on play. keep watch on June 4 as Saudi Energy Minister...
my guess the debt ceiling will be cleared as Yellen extended the deadline to June 5. this will give Yellen some time to get the cash needed to pay the debt interest to avoid credit rating down grade.
but we still have inflation and oil on play. keep watch on June 4 as Saudi Energy Minister...
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