Predictions for the support and breakthrough points of US stocks. Do not go long at resistance level. Wait for the market to return to the trend after a breakthrough, which is the right way. Protect your capital and be prepared. Do not be afraid of running out of options.
$S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$
In the current market situation, either wait for the bull market trend to return before entering long positions, or wait for a true support level to buy at the bottom. In the current state of neither rising nor falling, it's best to observe more and do less, or even not do anything at all. Each of us has worked hard to earn our money, so let's not waste it. In the stock market, the most important thing is to protect your capital. Remember the experience of our ancestors, keep what we have and not be afraid of losing opportunities. To put it simply, even if the market rebounds tomorrow and returns to a bull market, you would only miss out on 15 points in the QQQ, earning a little less, but your capital would remain intact. If a trend emerges, there could be at least 40 points for you. If the market continues to decline and you really have to explore lower positions, then you would incur losses. In case you can't hold on and cut losses at the bottom, you would be left with no means to buy at the bottom and can only watch others make money. So, it's not just about losing money, but it might also take a long time to correct your mindset. When trading stocks, remember to avoid a gambling mentality and a mentality of being unwilling to accept losses. Gambling doesn't guarantee a steady win, even if you say that trading stocks is also a form of gambling, we still choose the best entry points after precise analysis, greatly increasing the winning rate compared to gambling. And if you do lose, don't be unwilling to accept it. Whether in life or making mistakes, we need to take responsibility, especially in trading stocks. If you don't admit your mistakes, the market will twist your neck and force you to admit them.
In the current market situation, either wait for the bull market trend to return before entering long positions, or wait for a true support level to buy at the bottom. In the current state of neither rising nor falling, it's best to observe more and do less, or even not do anything at all. Each of us has worked hard to earn our money, so let's not waste it. In the stock market, the most important thing is to protect your capital. Remember the experience of our ancestors, keep what we have and not be afraid of losing opportunities. To put it simply, even if the market rebounds tomorrow and returns to a bull market, you would only miss out on 15 points in the QQQ, earning a little less, but your capital would remain intact. If a trend emerges, there could be at least 40 points for you. If the market continues to decline and you really have to explore lower positions, then you would incur losses. In case you can't hold on and cut losses at the bottom, you would be left with no means to buy at the bottom and can only watch others make money. So, it's not just about losing money, but it might also take a long time to correct your mindset. When trading stocks, remember to avoid a gambling mentality and a mentality of being unwilling to accept losses. Gambling doesn't guarantee a steady win, even if you say that trading stocks is also a form of gambling, we still choose the best entry points after precise analysis, greatly increasing the winning rate compared to gambling. And if you do lose, don't be unwilling to accept it. Whether in life or making mistakes, we need to take responsibility, especially in trading stocks. If you don't admit your mistakes, the market will twist your neck and force you to admit them.
So, where is the support level? And where is the breakthrough point? You can watch LANG's videos to find out, but I won't keep you in suspense and will tell you directly.
SPX's strongest support is at 3950-4000; re-entry for long positions can be done after breaking through 4500.
QQQ's strongest support is 310. When it breaks through the range of 360-370, you can consider re-entering the market with long positions.
IWM faces strong resistance at 209. Even if it breaks through 209, it will still face pressure and may experience a prolonged period of volatility. It is not recommended to invest in this sector.
DJI faces strong resistance at 35,000.
Note: Support and resistance levels can change with market fluctuations, just like moving averages change every day. It's best to follow LANG's videos and learn from them every day. That's the way to go!
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卓管家 : Everything makes sense. Thanks for sharing
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