Last week we had the rally I was talking about. 7% from the ...
Last week we had the rally I was talking about. 7% from the lows. The rally died off earlier than expected but one lucky thing was my indicator spotted it early. So far indicators are still pointing to new lows before any significant rally. Doesnt rule out a relief rally first before another drop.
There are conflicting data currently both supporting a temporary bottom and also a capitulation. Which one will take place? That will depend very much on the next few key economic data coming out this week.
Watch the video to find out what conflicting data is it and also what to expect in the upcoming week!
Stocks tagged also have their technical analysis done!
Stocks tagged also have their technical analysis done!
As always, trade safe & invest wise!
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MonkeyGee : Biden won't stop until SPY is down 50%
Investing 101 OP MonkeyGee : go biden go
dwarrior : Pre market red. Seems like SPY 357 breaks. See if Market open will rebound. If not, maybe add some short terms puts
dwarrior dwarrior : Reclaim 361. Lol. Waiting For important data before going up or down
Investing 101 OP dwarrior : ya it's whipsawing until ppi or cpi
dwarrior : PPI worse than expected. Lol
Investing 101 OP dwarrior : yeah 5mins before PPI told my guys to get out of long and go short.
W Chiang Investing 101 OP : Short now?
Investing 101 OP W Chiang : nope. we already went long after that initial drop.
W Chiang Investing 101 OP : 20 mins trading interval. Thats So fast
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