Can someone go and shut that big mouth up? Every time it's time to go up, that big mouth president comes out making a mess.... It's really been so long in the Stocks market without encountering this kind of situation, a president who is always going against the Large Cap. This is the second time; I went to bed after seeing a good market, and the next morning while drinking kopi-c, I almost spat it out....
Calling too many times, everyone will understand, it turns out that.. a dog that barks won't bite people. Clearly, it cannot collect others' taxes, yet it keeps barking...
SOX 4 hours, closing at 4453, which stabilizes the downward trend, standing on the 4-hour MA5 at 4450. The Technical Indicator trend looks bullish but not strong, with the 4-hour KDJ (933) & MACD continuously heading towards bullish. 03/13 is considered a consolidation pullback.
Almost every downturn will have a relief wave. This is because market makers also do not intend to keep selling and selling, selling stocks at the bottom area. When the timing is right, they will pull the stock price up a bit, and then sell again. Therefore, my view as a novice in this market is that SOX is expected to rebound 50%, around 4850. The power of this big mouth is too strong, so I originally saw 4950-5000, now revised down to the 50% rebound at 4850. (When reaching around 4850, I will look at the 30-minute trend and then decide whether to Hold until 4950-5000.)
But Friday is a peculiar day. If MM had previously shorted, ...