#ES #SPX #SPY #DXY #US02Y
If the bulls try to run the bounce, we need the lower #DXY, slowing inflation and interest rate to help for a short term bottom. https://medium.com/@cheisenbergc/weekly-market-research-24-10-2022-647baa052d65
As we said on 24/10/2022, we need #DXY, inflation, and interest rate to help for the market rally, that’s why we have participate the bounce since ~3750.
For now we are close to the next resistance 4150, it is not a right moment and Risk/Reward rate to enter long position. I would rather take most profit and sitting the rest rather than make new longs here.
As we may have a support zone in #DXY around 104, better to be careful and take less risk. If #DXY bounces or bottoms here, the equity may go down very fast.
Take and enjoy the net money profit first and we will see the market level by level.
#NQ #NDX #QQQ
Now we are at Fib 0.5 bounce and we will see if we would go and fill the gap, which is also the 0.618 bounce and EMA200.
As we said market may go down very fast if #DXY find support around 104. I would only take most profit and keep some of mega tech like #MSFT.
If #DXY fails to have support here, tech stocks may have some rooms to go up as it did not show relative weakness last week since the FED confirmed slowing interest rate in Dec. We will see!
#MSFT
This name finally broke out with volume last week, we have focused on this name for weeks, now we will keep some #MSFT to see if we would go for $263 (Fib 0.618+ EMA200+ Gap to fill). Nice pattern to work with.
#META
I am not in this name but many of you have asked for the chart, here you go! #META finally worked to fill the gap, it looks much better now, you should trimmed and hold as it is in resistance now, you have to trade level by level.
We are now at level of 124.67, and the next level is $136, make sure to take some profit at least.
#TSLA
I am not focusing on this stock as it showed some relative weakness in past few weeks, but we might come back for this name if it is going to show us strength and retest the level.
#ENPH
Last week we have mentioned this name as it showed relative strength while the market ranging or going down, that’s why you should study the RS between stocks and find the best stock during market crush.
I would love to see if this is going to stay above and keep making new highs, I am in this name for sure!
It had been a lot of ways to trade with BTC, it is a nice to have a retest to likely to breakout the range now. We should not rush to long position, we might going down if #DXY finds support, so we will see if we would stay above or going back to ranging. Not much to do here if you don’t have any position here.
Same as BTC, not much to do here if you do not have any position. But it likely bottomed already as it failed the make a Lower Low when BTC did a low.
For long-term investment I would find the opportunity to buy spot and hold if it didn’t make a lower price than $900–800.
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