So with the crazy sell off on wednesday the market, the market seemed like it was headed for a major Blood bath... but then came along the all time favorite " The CPlie" with small difference from expectations and rescued the market in the nick of time....
This triggered a spike to the upside, followed by the Bulls flying in like a terrorist attack... WTF!!!
This drove the Dow to have 1 of the best days in history😲😲😲
Have we seen the bottom of the bear market?
My personal opinion ( which is in no way financial advice), is simple.... what realistic reason is there for the market to become bullish???
Inflation???
Crypto Crash???
FED easing monetary policies???
None of the above!!!
1 CPi report and this crazy BUY BUY BUY????
This goes on and we see monetary policies loosening and inflation increased and recession threats growing....
Will the Fed allow this??? I don't think so...
Only a matter of time before we hear an announcement thats not favorable to the market and then boom!!!
Dollar goes higher
Bulls are taking profits
Bears are shorting like machine guns
Bulls not taking profits will be margin called
One big red wave!!!!
This happens and then we see the chart above plahomg out....
Red lines- Weekly and monthly reference areas
Blue lines- daily reference areas
With Bulls in charge for now, we should see the price test the weekly/ monthly trend line and possibly break above. This should trigger some bears and the retracement back in this area, which eoll trigger more Bulls to buy this dip...
Problem is, this is exactly what bears will be waiting for, together with FED Concerns that massive push down will take stop losses and margin calls with it....
This will be when the bloodshed will take over and could result in a lower low...
The perfect bull trap...
What are your thoughts?
Comment below and share your visions
This triggered a spike to the upside, followed by the Bulls flying in like a terrorist attack... WTF!!!
This drove the Dow to have 1 of the best days in history😲😲😲
Have we seen the bottom of the bear market?
My personal opinion ( which is in no way financial advice), is simple.... what realistic reason is there for the market to become bullish???
Inflation???
Crypto Crash???
FED easing monetary policies???
None of the above!!!
1 CPi report and this crazy BUY BUY BUY????
This goes on and we see monetary policies loosening and inflation increased and recession threats growing....
Will the Fed allow this??? I don't think so...
Only a matter of time before we hear an announcement thats not favorable to the market and then boom!!!
Dollar goes higher
Bulls are taking profits
Bears are shorting like machine guns
Bulls not taking profits will be margin called
One big red wave!!!!
This happens and then we see the chart above plahomg out....
Red lines- Weekly and monthly reference areas
Blue lines- daily reference areas
With Bulls in charge for now, we should see the price test the weekly/ monthly trend line and possibly break above. This should trigger some bears and the retracement back in this area, which eoll trigger more Bulls to buy this dip...
Problem is, this is exactly what bears will be waiting for, together with FED Concerns that massive push down will take stop losses and margin calls with it....
This will be when the bloodshed will take over and could result in a lower low...
The perfect bull trap...
What are your thoughts?
Comment below and share your visions