Yesterday early day, Bulls were trapped, AGAIN! Short pop to...
Yesterday early day, Bulls were trapped, AGAIN! Short pop to trap bulls, then a huge plunge down! Fortunately, we caught every single move!
Today we will have CPI coming in. Many are expecting that June CPI be better than May and their best reason is because OIL CRASHED! But most of them also forgot, Oil spiked on june before crashing. The average price of $Crude Oil Futures(JAN5) (CLmain.US)$ is still higher than when it was in May. So I am expecting a higher CPI but lower CORE CPI as CORE CPI do not calculate Oil anymore.
I do however expect a relief rally coming in today first before mor selling to resume after that. So know what to expect, where to buy and where to sell! Otherwise you will be a sitting duck in a volatile market like this!
Watch the video to know what are your support and resistances so you dont buy high, or sell low!
As always, trade safe & invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos!www.youtube.com/c/investing101channel
I do however expect a relief rally coming in today first before mor selling to resume after that. So know what to expect, where to buy and where to sell! Otherwise you will be a sitting duck in a volatile market like this!
Watch the video to know what are your support and resistances so you dont buy high, or sell low!
As always, trade safe & invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos!www.youtube.com/c/investing101channel
$CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Apple (AAPL.US)$ $Meta Platforms (META.US)$ $Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$ $Alibaba (BABA.US)$ $NIO Inc (NIO.US)$
EDIT: Caught the plunge too!
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dwarrior : After CPI easier to trade. Maybe go high today and plunge tomorrow kind
TradingRoulette : Great analysis
W Chiang : CPI for all items rises 1.3% in June; gasoline, shelter, food indexes rise
07/13/2022
In June, the Consumer Price Index for All Urban Consumers rose 1.3 percent, seasonally adjusted, and rose 9.1 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.7 percent in June (SA); up 5.9 percent over the year (NSA).
dwarrior dwarrior : Really hard to trade. Diving down now. Maybe will drop further this week
Investing 101 OP dwarrior : why hard to trade. i thought you positioned shorts? Lol. my SQQQ went up 7% in one move.. lmao
dwarrior Investing 101 OP : Consider whether to short more or wait for retracement
Investing 101 OP dwarrior : dont have to chase. let it run. it will go way lower. i really hope nobody inversed you last week and they were only trolling. otherwise i think they are deep red..
dwarrior Investing 101 OP : Twitter holding well. Lol…waiting for musk to buy it at 54
dwarrior dwarrior : Retrace as expected. Now is to see how high it can go to trap people
Investing 101 OP DrMooney : inverse trader spotted.. lots of anger.. lol. When dive last week? i was adding on the way up. I even said here lmao. And hedge TQQQ at the bottom 11500s and closed at 12k. go and read back before you comment
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