i have been bear biased since the begining of the crash , unfortunately that has cost me alot . the uptrend is clear here the channel holding solid, every dip buyers got rewarded big. there is not sign of market reversal , once that happens the trend will change to downward, the fed cant keep money flowing in for ever once they stop , this will stop too. top of this channel stands at 422~ i naturally expect a pullback at these level . to lower part of channel or to mid line but like we all know it could easily jump over it and continue up who knows for how long?. good luck to every one trade safe
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this is i ment but expeting a retrace at 422 , good luck
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that is more clear and understandable , sorry for any confusion on the first one
AAPL, AMZN , CRM , TSLA these 4 makes 8% of SPY. Earnings are coming. AAPL new event is this Tuesday 20th, AMZN had more a 1 million premier subscription. So hedgies shorties have to cover big this week on AAPL, CRM, AMZN before earing. They're toast if they don't . These earning will be new pop level. Based on machine learning SPY will prevail due to these 4 heavy stock. SPY 440-450 will come by end of April . The goal is reach psychological 500 number..classic!! buy tomorrow these four
pforray78
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Learned the hard way that you can't fight Hyper-liquidity.
murrs700
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Lol, another sign of topping. The last of the bears switch sides. You might want to study your history. Right when we get to the point where it seems like it will never stop going up is when it usually does. Maybe May, maybe October, but either way I think you may regret the late-stage side switch. Best of luck. At this point none of us are investing anyway, it the Casino market we are all just gambling.
Todopoderoso
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@murrs700, LOl am not saying am switching, am saying i expect a retrace here at 422 but there is the possibility of this thing going above it like every damm time . am not taking longs at these levels am not trading this crap anymore ,
murrs700
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@Todopoderoso, Good Stuff lol. I pulled out of all longs and only have one current short in ORCL. I think this will all be very interesting in hindsight to study. We are in unprecedented territory so literally, anyone who says they know what will happen is lying. Personally, I think the big money used the pandemic to transfer money from the Government to their pockets using the market as a medium. I don't expect it will end well for most, if not all retail. That said, nothing will happen until they want it too. The casino market has allowed for more manipulation than I have seen in 20 years. How ironic that the iconic ponzi scheme architect dies the same week as one hundreds of times bigger is being played out right in front of us. Best of luck.
CJS04
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@murrs700 yep. I say madoff was just a product of his environment. It’s what Wall Street does day in and day out.