Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
avatar
Investing 101 commented on a stock · Mar 29, 2022 04:30

So now with Nasdaq and SPX almost near the Feb high. what to...

So now with Nasdaq and SPX almost near the Feb high. what to look out for? NQ key resistance is 15260 if it can hold 15k. if it breaks 15260, next will be at 15600s.

ES key resistance is at 4865 which is broken pre market. but whether it can hold, will be another question. If it does hold as it's only 10/13 on fib count, we can head up to 4650 which is the next resistance.

Can we head to new highs from here? in a straight line? You can try. But with indicators overheated and hidden bearish divergences on daily TF paired with regular bearish divergences on 4hourly and 2hourly TF, I'm only trading long on intraday period while positioning shorts on key resistance levels.

We will need to see a significant pullback to retest fib levels of at least 61.8% or 50% and see a higher low before we can even say we are on to the next rally up. Pushing up without pullback will make this a melt up. which will follow on with a sell off after it's done.

Are funds from bonds rotating into equities? TINA(There is no alternative) to stocks might be in place. But 2yr and 10yr inversion which I have been talking about since start of 2022 is going to take place as soon as tonight. we are 8 basis points away to flat and anything more will be a inversion.

Banks will be hit hard with the inversion of curve as margins for arbitrage of LT/ST rate will be hit. Typically in a high interest rate environment financial stocks perform well. However with tighter monetary policies kicking in, banks are not loaning as much to take advantage of the high yield/interest rate environment.

AAPL has lowered production of iphone 13, iphone SE and also airpods in view of lower sales. A reduction of 20% in sales putting AAPL to green just doesn't convince me we are in a bull rally.

TSLA diluting shares to pay as dividend to probably conserve cash for the upcoming uncertain future and battery shortages in 2023 with no confirmation of a stock split giving it a 8% surge in price yesterday. Im still telling you it's a gamma squeeze. same thing different story. last year ppl think it was  Hertz deal that pumped it to 1200. it was gamma squeeze. now they think it's share dilution. really? after gamma squeeze it will have a sell off. what story next? Elon selling shares again? we will leave that for other times.

Summary, one more leg down still seems very likely. But then again we will have to see if that pullback gives us a higher low or we go down straight to create a lower low.

As always trade safe and invest wise!

Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos! www.youtube.com/c/investing101channel
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
4
27
1
+0
167
Translate
Report
433K Views
Comment
Sign in to post a comment

View more comments...

avatar
Investing 101
Search Investing 101 channel for my YouTube! Subscribe to stay ahead of the market with my weekly videos!
12KFollowers
7Following
79KVisitors
Follow