Yesterday was the beginning of 1/8 move up. Will it last til...
Yesterday was the beginning of 1/8 move up. Will it last till 8 count? We will have to monitor and see. but based on a head fake candle on $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ we had, it was a positive sign to start buying lows as we were going to retest 14280 and also 14450 which is where the next strong resistance is at.
After 14450, we have potentially up to 15k which is top of Bollinger band to go for this relief rally. But I do see some serious resistance at the 14700 levels.
This could be a wave Y in a larger ABC count, or we could have already completed the correction on 16th march and now on wave 3 up. Who knows? We will need to take it a step at a time. But for now, I have been positioning long for the past week and will be until we see signs of weakness to switch back bearish.
Like I said, volatility is money, there is tons of opportunity this year to make money in the market. And we are enjoying this, there is no hurry for this to end. Enjoy the rollercoaster ride and hopefully you make money along the way.
As always trade safe and invest wise!
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$E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ $E-mini S&P 500 Futures(SEP4)(ESmain.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $NASDAQ 100 Index(.NDX.US$ $S&P 500 Index(.SPX.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $Apple(AAPL.US$ $Meta Platforms(FB.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Palantir(PLTR.US$
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dwarrior : I deeply Appreciate every single guidance/trend posted here @Investing 101
Investing 101OP dwarrior: no worries
VogueHereIAm : Oh no, it’s a 1/8 to move up. Chief 101, is this the wave then will be the leg up before it eventually go for recession?
Investing 101OP VogueHereIAm: could be a relief rally bro. that's why we riding the wave up now. then once we confirm there's one more leg. we will switch back again.
YW 2 : thanks as always
VogueHereIAm Investing 101OP: Steady pomp pi pi. You are the best
Investing 101OP user77248281: everything is control by the institutions. we are just the players. whether we get a relief rally or recession it's all controlled by them. they decide everything. when you have money, you will be able to control the market. for retailers like us, there is no way we will even be close to choosing the direction of the market.
Kopi is Life : Appreciate your sharing of insights as always… great stuff
beedeebee : what is 1/8? what about previous wave 3/5? completed? we heading for wave 4?
102517099 Investing 101OP: Do u mean the institutions work together and agree whether to rally or pullback on the same timing? Or any chances if the institutions have conflicting agendas?
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