Important level right here… If it doesn’t hold 132.50, it’s going to move down to 125. If it bounces at the 132.50 level good chance it could retest back at the 136 level again
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wafflewolfeh : I think might not hold… maybe bubble popped Nvidia has and in the future likely will be a manufacturing company. Its P/B ratio is too high…
1福星高照1 : Based on previous experience, usa always has a big rise after a sharp drop, so the safest approach is to hold and not move.
RIPPER OP 1福星高照1 : Keep in mind… That’s exactly how they want you to feel UNTIL they turn the tide
Always works until… It doesn’t
To be honest I think 125 will be coming sooner than later the outcome of today’s movement
RIPPER OP 1福星高照1 : The one hour MACD really doesn’t look like it’s gonna turn up….. it would make sense for the Amazon/AAPL earnings in the after hours move the market up a bit, retest those levels followed by selling off again tomorrow. Just a guess, but something like this would make a lot of sense overall when moving the market
I always say when the market turns think of it like a large boat… It has to take slow wide turns.
The wolf of Toronto : Same apocalyptic speeches of bubble burst and dot com bubble and AI just a hype until it reach 160 again. Guys you now that each drop is just an opportunity to buy and if you try to short it do it for indeed a short terme because in the long terme shorties will be rosted
Andre88888888 : gonna depend on upcoming earnings 🥹
RIPPER OP The wolf of Toronto : Really bro, who is talking apocalyptic?
I gave the two different possible outcomes, what would trigger and when……
RIPPER OP Andre88888888 : Well, the situation I’m discussing above is specifically the movement over the next day or so