As you can see, this is a monthly view of the SPDR S&P 500 index - ticker symbol $SPY - on a monthly basis.
We have just closed Q1, 2022 with a truly epic rally: $AAPL had its best stretch since 2003, and a series of hot stocks ($AMZN, $GOOGL, $TSLA, $GME) have either confirmed stock split plans or have mentioned the serious possibilities of it.
We have closed the month with a bullish engulfing candle on the monthly chart.
$QQQ's monthly chart looks like a hanging man - today's selling put us just under an engulfing.
We're going to see some interesting action in Q2, and in the next few weeks, but don't let yourself be fooled into thinking Feb24/Mar14 was the bottom by idiots like Cramer.
Good luck out there.
I invite anyone to present their bullish or bearish thesis in the comments section!
We have just closed Q1, 2022 with a truly epic rally: $AAPL had its best stretch since 2003, and a series of hot stocks ($AMZN, $GOOGL, $TSLA, $GME) have either confirmed stock split plans or have mentioned the serious possibilities of it.
We have closed the month with a bullish engulfing candle on the monthly chart.
$QQQ's monthly chart looks like a hanging man - today's selling put us just under an engulfing.
We're going to see some interesting action in Q2, and in the next few weeks, but don't let yourself be fooled into thinking Feb24/Mar14 was the bottom by idiots like Cramer.
Good luck out there.
I invite anyone to present their bullish or bearish thesis in the comments section!
Comment:
hit 23.6% today and then bounced