There are many investors who call themselves technical traders. And the first thing a technical trader learns is where to find support levels. These are areas where there is a high likelihood of potential buyers stepping in to "support" or keep the price from falling lower. Support zones are also refered to as demand zones. It is not easy to find support zones on all ticker symbols but some tickers form very clear trends with obvious t...

“Never go against the Federal Reserve” is a Wall Street proverb. However, the US stock market did not believe in this evil last week. Several Fed officials have made hawkish statements one after another, yet the stock market still turns a blind eye to this negative news, and even the funeral was happy to be held. It was only on Friday that its intentions declined a bit after the release of employment data that twice exceeded expectations. The Nasdaq still surged 2.3% throughout the week.
The five-day volume and price chart of the NASDAQ
The job market can no longer be described as hot
The employment data released before the market on Friday is the most important macroeconomic data of the week. This is one of the two most important figures in the Fed's interest rate hike decision.
The expected value of the newly employed population is 250,000; the actual value is 525,000, which is more than double! The unemployment rate has also reached an all-time low. This kind of data can no longer be described as “hot”; it is necessary to use the term “very hot.” Immediately after the data was released, the Biden administration came out to the credit, saying that under their wise leadership, the US economy has not fallen into recession; you see, everyone can find a job!
Source: Huitong Finance
On the other hand, the average weekly wage increase also slightly exceeded expectations by 5.2%. This is an ominous sign of efforts to reduce inflation. As the cost of wages rises, it is difficult to fall, so it is interesting that the stock market reacted to the decline on Friday.
The probability that interest rates will be raised by 75 basis points in September has increased dramatically
Following the release of strong employment data, the market is betting on September to add...

TLDR: Market rallied sooner that I thought, and had missed out on more gains, as I was selling PUT options instead of buying the shares when it dipped But well, no one can time the market so gains is still gains
4 learning points at the end of the post too
Story time
In the first half of May, the market is red and it entered into bear territory. Panic selling everywhere, which means that you can get stock for a hu...