Why we may not be out of the woods yet. 🌲🌳🌲🌳The Story of the Triple Whammy 🔨🔨🔨

Hi Mooers!

Looks like some of you did make some profits from the crisis day.

Here are some of my thought. Please do your Due Diligence and it is not financial advice.

Looking at the market, we may be seeing more selloff here is why:

DOW JONES $Dow Jones Industrial Average (.DJI.US)$

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Dow Jones indicated a double top on the daily. Gap of the Ocilators are widening. It looks like the Dow 30 companies may have a harder time recovering. The likelihood of this was due to the uncertainty from companies earning reports coming from $Caterpillar (CAT.US)$

No matter how much of a a good earnings report. Sentiments may have a concern over consumer demand from the previous episode or non farm payroll decrease.

NASDAQ $Nasdaq Composite Index (.IXIC.US)$

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Nasdaq looks pretty good with the recovery. The silver bullet to this is that with that long John Green Wick there we may see Nasdaq be able to help us rebound.

Leading help comes from $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ and other Magnificent 7.

However laggard of the wick was caused by $Alphabet-C (GOOG.US)$ and $Meta Platforms (META.US)$

Contrary to the believe it may recover Bears may attack probably by today or tomorrow from the indicator of MACD daily chart. Gap is still wide at the Ocilators.

$Nasdaq Composite Index (.IXIC.US)$

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S&P500 $S&P 500 Index (.SPX.US)$

Meanwhile in the S&P500, it is probably following the trend in NASDAQ due to the influence of the Mag 7. Laggard and the long wick maybe due to the Dow Jones influence and Macro influence.

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We maybe seeing more bearish trends where MACD shows a red while still diverging.

Meanwhile other Macros should be concerning about the bear market is thanks to @Moomoo Recap US report

1. Japan may want to increase interest rates which pressure for more margin calls in the future.

Why we may not be out of the woods yet. 🌲🌳🌲🌳The Story of the Triple Whammy 🔨🔨🔨

2. The Crisis in the middle East creating tension. Opportunities in the energy ⚡ and defense 🚀sector?

Let me know your thoughts in the comments. Would love to hear you.

Cheers and happy trading!

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Ultratech : there's always been conflict in the middle east and the stock market has survived. we are a strong economy and would look weak to the world if everything crashes because of them.

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Aaron Invests (AI) OP Ultratech : Long run I'm seeing tech will out beat the rest of the industries. That is the reason I did not rotate out of tech.

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Ultratech Aaron Invests (AI) OP : tech stocks are volatile. they're the first to tank in a correction and the ones that fuel the sp500 party afterwards. the sectors take their turns randomly but nasdaq outperforms them

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Aaron Invests (AI)

Casual and Social 🐱Trader and investor. ✅ chartist for Trades ✅ Financial reporter ✅ Scalpers ✅ Swinger

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