$SPY.US$ For anyone who hasn't been following, the market is very close to the 50% retracement from the initial selloff on 08-01-24 when it broke below the lower support line of the massive rising wedge pattern, which also has confluence with the base line of the Ichimoku Cloud on the 4-hour time frame. That level is ~531. After a strong impulsive move down based off of a PATTERN, the 50% retracement is often where the pattern continues its move.
Best of luck, and God bless!
Best of luck, and God bless!
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Derpy Trades
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$SPY.US$ Let me translate the deputy governor's actions for anyone who doesn't speak the language.
"Despite the fact that our national currency is on a death spiral and we need to intervene to prevent that, the global markets are so intricately intertwined and FRAGILE that a whopping 15 basis point rise in our interest rates was enough to wipe out 6.4 TRILLION dollars in stock evaluations. Now, we're terrified of what more could come if we don't just let our currency tank."
"Despite the fact that our national currency is on a death spiral and we need to intervene to prevent that, the global markets are so intricately intertwined and FRAGILE that a whopping 15 basis point rise in our interest rates was enough to wipe out 6.4 TRILLION dollars in stock evaluations. Now, we're terrified of what more could come if we don't just let our currency tank."
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/73284220/20240807/1723031947114-random9313-73284220-android-org.png/thumb?area=100&is_public=true)
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Derpy Trades
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$SPY.US$ More and more I am learning the importance of hedging. If you have a longer term thesis and are positioned accordingly, but you believe there is going to be a shorter term move against that position, you can simply hedge.
If the market continues moving in your favor, you've only lost a small proportion of your entire account value, whereas if the market DOES move against you that hedge preserves the overall value of your account. Plus, that will provide more dry powde...
If the market continues moving in your favor, you've only lost a small proportion of your entire account value, whereas if the market DOES move against you that hedge preserves the overall value of your account. Plus, that will provide more dry powde...
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$SPY.US$ Dannng. Just finishing up my nightly analysis and realizing that multiple pattern targets and daily gaps for patterns on Mag 7 stocks that I covered were fully met/filled, just as predicted.
However... Once the larger bearish patterns play out what we saw in overnight Sunday and pre-market Monday will look like nothing.
The technicals on AAPL, GOOG, NVDA, and MSFT are all still targeting massive selloffs. Pattern on SPY still targeting ~470.
Once the market really pr...
However... Once the larger bearish patterns play out what we saw in overnight Sunday and pre-market Monday will look like nothing.
The technicals on AAPL, GOOG, NVDA, and MSFT are all still targeting massive selloffs. Pattern on SPY still targeting ~470.
Once the market really pr...
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/73284220/20240806/1722920035653-random6416-73284220-android-org.png/thumb?area=100&is_public=true)
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Derpy Trades
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August has officially started with bloody days, after the third session this month that saw dramatically declined markets Monday, with the Dow Jones Industrial Average Falling 1,033 points in one day and the Nasdaq dropping 7% over four days. Tech and consumer staples led the way lower, with Nvidia falling 6% and Amazon pulling back 4%.
A combination of worrying factors led to a $.VIX.US$ climbing ...
A combination of worrying factors led to a $.VIX.US$ climbing ...
![Indexes Pull Back Following Japan, Labor, Tech, Consumer Pull Back | Wall Street Today](https://ussnsimg.moomoo.com/sns_client_feed/77777011/20240717/1721161187004-3fe5f058dd.png/thumb?area=999&is_public=true)
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Derpy Trades
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$SPY.US$ As I have been trying to warn for over a year, this could just be the beginning of a MUCH bigger selloff. The pattern is targeting no less than 470 on SPY.
We're only HALF the way to that target. I called out a key level in my latest video and said if we broke below we would likely get a waterfall event. That is happening!
Best of luck, and God bless!
We're only HALF the way to that target. I called out a key level in my latest video and said if we broke below we would likely get a waterfall event. That is happening!
Best of luck, and God bless!
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/73284220/20240805/1722861251204-random6744-73284220-android-org.png/thumb?area=100&is_public=true)
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/73284220/20240805/1722861254404-random1348-73284220-android-org.png/thumb?area=100&is_public=true)
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$SPY.US$ Thank you SO MUCH to all the cool cats that are supporting my channel and the many new ones that are yet to come. Tonight's video covers overall market analysis, but also goes over how someone could become a MILLIONAIRE by positioning properly during a market crash.
Also, as a "Thank You" for over 100 subscribers AND over 900 views on my last video, I will begin making simple to follow "How To" videos at least once a week in addition to regular videos, covering everyth...
Also, as a "Thank You" for over 100 subscribers AND over 900 views on my last video, I will begin making simple to follow "How To" videos at least once a week in addition to regular videos, covering everyth...
![Picture](https://ussnsimg.moomoo.com/sns_client_feed/73284220/20240805/1722816947894-random2056-73284220-android-org.png/thumb?area=100&is_public=true)
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