Today we have GDP report and also jobless claims. tomorrow w...
Today we have GDP report and also jobless claims. tomorrow we have inflation data. This will determine market movements. currently technicals showing a direction but it can easily change due to data releasing later.
we are currently on 7 consecutive red weeks. will there be a 8th or will we finally close green this week? many are definitely betting for a green week as we can see from the put call ratio.
However do stay nimble as current markets are full of traps and you'll easily lose money being overly bias.
There is no bull or bear side. only the right side. stay on the right side and you will make money!
as always trade safe and invest wise!
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
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W Chiang : GDP report looks not so good
W Chiang : The US economy contracted an annualized 1.5% on quarter in the first three months of 2022, slightly worse than initial estimates of a 1.4% decline
Ray2021 W Chiang : likely today's market will be red. unless there's a surprise
dwarrior : Turning green now
Investing 101 OP : red later is my bias
dwarrior Investing 101 OP : I also don’t know why green. Lol
Pochong dwarrior : The market is irrational. Don't need to overthink or find a reason to explain too much. For us, we see the price we like to buy long or sell short, just execute and manage your risk and trades. Thats all. Keep it easy.
dwarrior : Lol. Indeed.
VogueHereIAm : Hopefully it’s bull trap
dwarrior VogueHereIAm : It is slowly coming down
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