$ProShares UltraPro Short QQQ ETF (SQQQ.US)$ 9

Last week's review 👉🏻Market Review + Position Analysis (29/07-02/08 2024)
Quick review of the market this week:
$NASDAQ 100 Index (.NDX.US)$ The trading volume gradually decreased day by day throughout this week;
$S&P 500 Index (.SPX.US)$ Distributed on Monday;
$Russell 2000 Index (.RUT.US)$ Distributed on Monday and Wednesday;
NDX > SPX > RUT.
Currently, what can be seen is a large number of buyers entering the market after a sharp drop on Monday, and the candlestick pattern and trading volume clearly describe this behavior. Subsequent trading volume has decreased day by day, and the price has slowly rebounded, indicating that a significant amount of supply has been digested. There are too many possibilities for what may happen next, so perhaps the best strategy here is to simplify and wait for confirmation of recent days (FTD) or the index breaking through the moving average before entering the market with full force for a long position.
Weekly charts:
The charts here provide a clearer picture. NDX returned to within the ascending trendlines and above the 30MA after the plunge, while SPX almost touched the lower edge of the ascending trendlines and then returned above the 30MA and 20MA. RUT retested the previous major base, to see if there is any tennis behavior here. Overall, it's not very optimistic at the moment, but it's not a time to be pessimistic either.
Breadth records:
There has been a turnaround since last Friday, with 5 consecutive up days this week. Let's see if it will recover, and how long it will take to recover.
The market...

"Even if you lose, the only thing you should do is lose with integrity." - Rockefeller
Last week's link 👉🏻Market Review + Position Analysis (22/07-26/07 2024)
Quick review of the market this week:
$NASDAQ 100 Index (.NDX.US)$ Distribute on Tuesday, Thursday, and Friday, accumulate on Wednesday.
$S&P 500 Index (.SPX.US)$ Distribute on Tuesday and Friday, accumulate on Wednesday.
$Russell 2000 Index (.RUT.US)$ Accumulate on Tuesday and Wednesday, distribute on Thursday.
RUT > SPX > NDX.
SPX on Wednesday presented an imprecise resemblance to recent days ( <1.7%, and an excessively large proportion of gaps), leading to panic selling triggered by data on Thursday and Friday (unemployment rate, Sam rule, recession route, etc.), with a huge trading volume; NDX and SPX moved far below the 50MA after Friday's plunge, while RUT temporarily stopped above the 50MA; the weekend social circle is filled with extremely pessimistic emotions, with pros and cons, letting the future market provide its own answer.
Weekly charts:
NDX has reached a critical position: the 30-week moving average and the bottom of the upward trendline starting from January 2023.
SPX fell below the 10-week moving average.
RUT has also reached the 10-week moving average and the previous breakout point. It remains to be seen whether it's an egg or a tennis ball, and the market needs to answer this question.
Record the market yourself...

$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ There is no hope within next week.

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$NVIDIA (NVDA.US)$ Why do so many people draw their own conclusions before the meeting is even finished?

Last week's review 👉🏻市场回顾+仓位分析（20/05-24/05 2024）
"History clearly shows that almost every super stock is in a clear uptrend before a sharp rise. In fact, 99% of stocks trade at prices above the 200-day moving average before a sharp rise, and 96% of stocks trade above the 50-day moving average." - Mark Minervini
Quick review of this week's market:
$NASDAQ 100 Index (.NDX.US)$ Accumulation on Tuesday, distribution on Thursday, divergence on Friday;
$S&P 500 Index (.SPX.US)$ Divergence on Tuesday, distribution on Wednesday and Thursday, accumulation on Friday;
$Dow Jones Industrial Average (.DJI.US)$ Distribute on Tuesday, distribute on Thursday, absorb funds on Friday.
NDX>SPX>DJI.
Another wonderful week, summarized in a sentence: Capital once again baptizes participants with inertia thinking (history has always been repeating, and the psychology of market participants has always been like this);
This is why trading needs a system, needs rules, and tries to avoid all emotions as much as possible;
At the same time, the market also serves as a high-quality filter for us, gradually allowing you to see clearly in the garden who are flowers and who are weeds.
Weekly charts of NDX and SPX:
Backtested the area near the 10-day simple moving average (10MA) and within a very short period of time...

$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ zero risk, buy the dip

$NVIDIA (NVDA.US)$ The opportunity to short NVDA is coming. It would be suicidal to chase after it now.

$Apple (AAPL.US)$ good that it’s back