YS Trading community process to predict the market is straightforward. We consider the price action, volume, Commodity Channel Index (CCI), Stochastics, news, and reports to forecast the behavior of individual stocks or ETFs.
The below forecast of $SPY and $QQQ is no different from the previous forecast that allowed us to profit on the option trade we jumped on.
With $SPY closing in a Bullish candle (price action) and heavy volume, we are led to believe that we may have a short-lived rally ahead of us. Following Monday trading session, we will reevaluate our thesis to determine if this rally will continue or fizzle out.
The stock market is forever changing; hence we stay on par with it by taking a subject look into what the market is telling us.
WE DO NOT IMPOSE OUR WILL ONTO the MARKET.
We merely interpret what she provides us.
The below forecast of $SPY and $QQQ is no different from the previous forecast that allowed us to profit on the option trade we jumped on.
With $SPY closing in a Bullish candle (price action) and heavy volume, we are led to believe that we may have a short-lived rally ahead of us. Following Monday trading session, we will reevaluate our thesis to determine if this rally will continue or fizzle out.
The stock market is forever changing; hence we stay on par with it by taking a subject look into what the market is telling us.
WE DO NOT IMPOSE OUR WILL ONTO the MARKET.
We merely interpret what she provides us.