benzimin
commented on
Today will be Wednesday, and the basketball 🏀 games start tomorrow. Go CATS!!! and then off to Friday's games. Go DOGS!!! ... 🤫 ... 🥲 ... the markets may be down at least 25 points by then (QQQ).
awe, I'd hoped that gif was larger.
Anyway, i only have GOOD news for people who love ❤️ the BAD news.... It's cracking. Here is something important : There is no FED pivot. Powell has said they can not stop raising rates when cracks appear. He has also said (rightly so) that the mi...
awe, I'd hoped that gif was larger.
Anyway, i only have GOOD news for people who love ❤️ the BAD news.... It's cracking. Here is something important : There is no FED pivot. Powell has said they can not stop raising rates when cracks appear. He has also said (rightly so) that the mi...
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benzimin
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So we had a FED Rally as many would have expected. Indicators were pointing to shorts covering, bulls entering despite prices were falling. If you saw it and positioned for it, kudos to you. if you did not, don't worry as the market is always here you'll get other chances to be on the right side in the future.
What are we to expect now? Based on my analysis. there are certain things to look out for to ensure this rally has more juice for it to last the next few weeks or if it will be a weak bul...
What are we to expect now? Based on my analysis. there are certain things to look out for to ensure this rally has more juice for it to last the next few weeks or if it will be a weak bul...
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benzimin
commented on
So yesterday we had an mid day squeeze as mentioned in my video and thats why I said yesterday I was cautious on taking on short positions.
Question is, will it continue today? What do you think? VIX 2H cooled down but 4H is still overbought.
NQ is overbought on 2H, 3H. 4H is neutral now, but daily is showing regular bullish divergence with MFI moving up instead of going down despite the selling last week.
I know what my trade plans are today. Lets hope you do have one today too! I have expla...
Question is, will it continue today? What do you think? VIX 2H cooled down but 4H is still overbought.
NQ is overbought on 2H, 3H. 4H is neutral now, but daily is showing regular bullish divergence with MFI moving up instead of going down despite the selling last week.
I know what my trade plans are today. Lets hope you do have one today too! I have expla...
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benzimin
commented on
Yesterday was the beginning of 1/8 move up. Will it last till 8 count? We will have to monitor and see. but based on a head fake candle on $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ we had, it was a positive sign to start buying lows as we were going to retest 14280 and also 14450 which is where the next strong resistance is at.
After 14450, we have potentially up to 15k which is top of Bollinger band to go for this relief rally. But I do see some serious resistance at the 14700 levels. ...
After 14450, we have potentially up to 15k which is top of Bollinger band to go for this relief rally. But I do see some serious resistance at the 14700 levels. ...
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benzimin
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So what have I been doing the past 1 week since last Wednesday? buying the lows, sell the high. We caught multiple bottoms and tops.
Am I still bearish? Heck yes I am. I was warning of this correction since November 2021. I warned of this inversion of yield curve since start of Jan 2022 before even many talked about it. Do I think the correction is over? Chances are low but it is definitely possible.
Remember, there is no bull or bear side. ONLY the RIGHT side. Most importantly you follow the ...
Am I still bearish? Heck yes I am. I was warning of this correction since November 2021. I warned of this inversion of yield curve since start of Jan 2022 before even many talked about it. Do I think the correction is over? Chances are low but it is definitely possible.
Remember, there is no bull or bear side. ONLY the RIGHT side. Most importantly you follow the ...
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benzimin
commented on
It keeps going up. Bulls look like they are in control of the market now. is it true? Based off fib count, pivot day is Thursday. Will we see a pullback or a sell off?
Do watch the video to find out what are the possible scenarios that might happen! There are 3 scenarios that might happen soon. As soon as this Friday we can find out where we are truly heading!
We found out through data that single stock options were very much skewed towards the call side whilst index options were skewed toward...
Do watch the video to find out what are the possible scenarios that might happen! There are 3 scenarios that might happen soon. As soon as this Friday we can find out where we are truly heading!
We found out through data that single stock options were very much skewed towards the call side whilst index options were skewed toward...
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benzimin
liked
This year so far has been a very fruitful year. and it's only been 3 months!
This week will also be a very interesting one. Whether you are on the bull or bear side, your portfolio will show if you are on the right side.
Capitulation is coming. Many new investors again will get another shock on why their favourite stocks still keep selling off like there is no end.
Is the bear market really here?! With the recent news of war, inflation, FED's decision for interest rate hikes, commodities spik...
This week will also be a very interesting one. Whether you are on the bull or bear side, your portfolio will show if you are on the right side.
Capitulation is coming. Many new investors again will get another shock on why their favourite stocks still keep selling off like there is no end.
Is the bear market really here?! With the recent news of war, inflation, FED's decision for interest rate hikes, commodities spik...
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benzimin
commented on
Base off my daily counts, we are at 21/21 starting from highs of wave 2/5 on 2nd Feb. we ended interim count 13/13 which was from 10th Feb till 1st march.
21/21 could be a reversal point or it could also signify a top for the relief rally.
Base off 61.8% of Fibonacci for the $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ of wave 2 high to wave 3 bottom, we are looking at 14400s for the retracement top.
that would be a good sell zone for me to enter positional trades as the indices goes fo...
21/21 could be a reversal point or it could also signify a top for the relief rally.
Base off 61.8% of Fibonacci for the $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ of wave 2 high to wave 3 bottom, we are looking at 14400s for the retracement top.
that would be a good sell zone for me to enter positional trades as the indices goes fo...
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benzimin
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$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini Dow Futures(DEC4) (YMmain.US)$ what are we expecting tomorrow? Markets are closed today, but have you prepared your trade plan for the week? Watch the video tagged below to know what to expect for the week!
Double bottom? Reversing here? Or falling more? Watch as I explain what we will be expecting as indicators all point to only 1 direction.
Some stocks have bearish signs while some showing...
Double bottom? Reversing here? Or falling more? Watch as I explain what we will be expecting as indicators all point to only 1 direction.
Some stocks have bearish signs while some showing...
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benzimin
commented on
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini Dow Futures(DEC4) (YMmain.US)$ We have called all the movements of the week correctly. Because the analysis show more downside to come and we knew it since 1 month ago. This is the importance of knowing the primary trend, intermediate trend and short term trend.
3/5 has definitely started as we have seen a mini bull trap the first 3 days of the week which we already were prepared for, buy the lows daily from Mon till Wed and ride the wave up and on thursday sell it down exactly from the top yesterday because we already knew it was coming.
I have shared that on my video posted on Sunday and been constantly updating here on Moomoo what to expect for the main indices which will affect majority of the stocks one way or another.
Now that 3/5 has started, the trade plan is simple. And we can't wait for the bottom to arrive. But will it come soon? Not yet. As we are only in the middle of the correction and a lot more downside is about to come. Last night sell imbalance on session close is a big red flag to anyone who thinks we are going to reverse here to new ATH.
I said it on Jan and will say it again today so less people lose money doing the wrong thing, the dip will continue dipping. Bottom is not yet in. Be patient and the time will come.
The range tonight will be huge.
As always trade safe and invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (FB.US)$ $Palantir (PLTR.US)$ $Futu Holdings Ltd (FUTU.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Alibaba (BABA.US)$ $NIO Inc (NIO.US)$ $Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$
3/5 has definitely started as we have seen a mini bull trap the first 3 days of the week which we already were prepared for, buy the lows daily from Mon till Wed and ride the wave up and on thursday sell it down exactly from the top yesterday because we already knew it was coming.
I have shared that on my video posted on Sunday and been constantly updating here on Moomoo what to expect for the main indices which will affect majority of the stocks one way or another.
Now that 3/5 has started, the trade plan is simple. And we can't wait for the bottom to arrive. But will it come soon? Not yet. As we are only in the middle of the correction and a lot more downside is about to come. Last night sell imbalance on session close is a big red flag to anyone who thinks we are going to reverse here to new ATH.
I said it on Jan and will say it again today so less people lose money doing the wrong thing, the dip will continue dipping. Bottom is not yet in. Be patient and the time will come.
The range tonight will be huge.
As always trade safe and invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (FB.US)$ $Palantir (PLTR.US)$ $Futu Holdings Ltd (FUTU.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $Alibaba (BABA.US)$ $NIO Inc (NIO.US)$ $Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$
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benzimin : I am keen! Can you please add me into the group chat? Thank you!