Reality check
I think the current market is facing a reality check. It will be a good learning experience for FOMO investors.
Macro environment is still weak. Don’t follow the crowd blindly.
SPY is hovering around 400 - bulls and bears are fighting hard against each other.
Check out my Youtube video for key support and resistance levels + option trades:
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $Advanced Micro Devices (AMD.US)$ $Salesforce (CRM.US)$ $Snowflake (SNOW.US)$ $Taiwan Semiconductor (TSM.US)$ $Alphabet-A (GOOGL.US)$
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BigBadBear : Most investors are bearish not bullish tho
Cow Moo-ney OP BigBadBear : You’re right. Currently, most are bearish. But at the start of the year, many were bullish.
BigBadBear : I guess we will know very soon. lol. It’s almost at the trendline. Is it at 392.5 for Thursday?