Crown Club managed to maximise the sell off yesterday on the Head of the head and shoulders pattern.
The market has been crazy moving sideways - the volatility is mainly caused from earnings and the wait of what the FED will do at the next FOMC meeting in May - remember that all the evidence we can gather now on where interest will be in the next FOMC meeting will influence the markets.
'Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time' - As a member of the FED, this statement from CNBC could potentially lead markets further down and with earnings out now we could see a potentially good window for investors and firms to grab profits while stocks are "doing good" - majority of retail traders would follow direction of the market and news, what do I mean by this?
If APPL does good with earnings you would expect price to go through a bull run, all though this is still a possibility I see this as an opportunity for BIG investors to cash in profits - hence the recent volatility and consolidation.
Be prepared for a lot of fake out and sl sweeps this week.
The market has been crazy moving sideways - the volatility is mainly caused from earnings and the wait of what the FED will do at the next FOMC meeting in May - remember that all the evidence we can gather now on where interest will be in the next FOMC meeting will influence the markets.
'Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time' - As a member of the FED, this statement from CNBC could potentially lead markets further down and with earnings out now we could see a potentially good window for investors and firms to grab profits while stocks are "doing good" - majority of retail traders would follow direction of the market and news, what do I mean by this?
If APPL does good with earnings you would expect price to go through a bull run, all though this is still a possibility I see this as an opportunity for BIG investors to cash in profits - hence the recent volatility and consolidation.
Be prepared for a lot of fake out and sl sweeps this week.