$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$$E-mini S&P 500...
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini Dow Futures(DEC4) (YMmain.US)$ We have called all the movements of the week correctly. Because the analysis show more downside to come and we knew it since 1 month ago. This is the importance of knowing the primary trend, intermediate trend and short term trend.
3/5 has definitely started as we have seen a mini bull trap the first 3 days of the week which we already were prepared for, buy the lows daily from Mon till Wed and ride the wave up and on thursday sell it down exactly from the top yesterday because we already knew it was coming.
I have shared that on my video posted on Sunday and been constantly updating here on Moomoo what to expect for the main indices which will affect majority of the stocks one way or another.
Now that 3/5 has started, the trade plan is simple. And we can't wait for the bottom to arrive. But will it come soon? Not yet. As we are only in the middle of the correction and a lot more downside is about to come. Last night sell imbalance on session close is a big red flag to anyone who thinks we are going to reverse here to new ATH.
I said it on Jan and will say it again today so less people lose money doing the wrong thing, the dip will continue dipping. Bottom is not yet in. Be patient and the time will come.
The range tonight will be huge.
As always trade safe and invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
https://www.youtube.com/c/investing101channel
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (FB.US)$ $Palantir (PLTR.US)$ $Futu Holdings Ltd (FUTU.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Alibaba (BABA.US)$ $NIO Inc (NIO.US)$ $Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$
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Pochong : Lol crystal ball?
SooEng : Following
9周2M2AX9 : So, gods, do you think it will plummet or soar tonight?
Investing 101 OP Pochong : Technical analysis and crystal ball is different.
Investing 101 OP 9周2M2AX9 : The trend is down. Just need to know that. And we are only starting 3/5.
Pochong Investing 101 OP : Your technical analysis can factor in unforeseeable news like Russia invading Ukraine, or Covid 19 cities wide lockdown? Just DCA in la. Why waste so much effort and time stydying resistance lines when FEDs policies and international news can break all of them.
Investing 101 OP onglai88 : Thanks!
Investing 101 OP Pochong : Yup follow your DCA strategy if you believe in it. Most importantly believe in your investment strategy. I don't believe in buying dips that will dip more. Rate hikes will be surpressed. You need to know more about what's happening in the market. You just see the surface that's why you think hikes will kill this market. Actually it is rate hikes that will save it. But in turn bankrupt America. But no point talking here because you believe in DCA and that not technical analysis. Its individual perspective.
SooEng : Palantir went down to exactly where you says it belongs after earnings. :) super accurate.
SooEng SooEng : Boss I watched the video again. You mentioned right before a correction, it will be indices down, then up and then slam down again. Do let us know if this is happening Tonight?
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