Has the market reached a pressure level after rebounding?
The market continued to rise today after a slight adjustment yesterday, and all major indices rose across the board today. Take QQQ as an example. Since it rebounded from 317 points to 359.65, it has received six positive lines, and is close to its strongest pressure level of 360-365. After the market reaches this point, many shorters will participate in shorting after all, so in this position, we must pay attention to protecting profits, gradually reducing positions, and locking in profits. Judging from the current closing position, I feel that it should be inappropriate to aggressively go long, don't go short; simply stop and don't operate. At the same time, we still need to calm down and learn stock knowledge well. I'm still concentrating on following my mentor's reading notes and videos to learn about the legendary experiences of Wall Street stock guru Jesse Livermore to improve my judgment and technical analysis skills. If you are interested in reading books, you can search the internet for Jesse Livermore's financial reading notes. I believe you will also gain quite a bit. Maybe I'll be able to find a mentor to follow!
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Chuan Zhao : Thanks for sharing!
肥肥DOTOM : Waiting for the direction of the market.
24077936 : The current market is still to learn psychological methods and wait patiently for the trend to be determined.
Mr RayLiang : It's possible to break through, but it's best not to go long at the pressure level.
Freide : Almost empty! It seems that I have reduced my position too fast. I'll learn at the weekend.