So when do you decide get back in long (i.e. tell a real V from a fake one), or do you just make calls not trades?
Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
Lulz
Is this really the best they can do? 3 out of 5 days green. The Weekly can't even bring a $10 drop. I will laugh if they can bring QQQ back to 357 and save the entire monthly chart. It can happen. Sure the drop on Tuesday was impressive, but as usual it always recovers fast.
Ever the optimist, but it is easy to be without any skin in the game.
I'm definitely making moves. I'm not buy and hold forever and I take profits in areas where I know I can wait till it dips again. I like to buy at hourly or 30 minute timeframes after a big red candle, when I know it can't be sustained. I see a big red candle and know it will have to go back up. Obviously I'm not always right and there are losses, but the most important thing is to never have fear because the market ultimately wants to go up. I don't get caught up too much in the news because again the market will always look for any reason to go up.
Right here is a good long entry point. Love the fake fade and it won't be able to sustain red today+ Every Monday is always green.
It's been trading under AWVAP for the past two hours. And dropping since your post.
Maybe you are seeing something I'm missing?
Inside Day, if we don't break out either end of the current candle, which is red. If they rally the troops and get a green close maybe just maybe a bottom of some sort is in. Doubt it though.
It's holding flat here as it's protected by needing to be green today. No idea what any of that AWVAP means. Monday is extremely biased towards Green. You would have to go back to June for an actual red Monday. Can confidently hold till Monday where this will go back up to 348-352
IMO we are the end of this correction, with yesterday and today representing the capitulative final low. Earnings of the megacap generals are holding up fine, econ/macro data continues to show the all-clear (inflation falling, jobs & spending strong), yields are high and rising but that didn't stop NDX from rallying 50% in the first half, bearish chatter is spiking off the scale. Unless the recession everyone has been predicting for 13+ years finally arrives, we should see NDX 18k by the spring.
Yep completely agree