State of the Market

٤ أغسطس ٢٠٢٣

ALl in the video, I do believe a short squeeze rally is coming and if we get over 3530 most likely dips will continue to get bought into next week. Hard to say right now if this is one leg of a multi leg correction (taking more time) but for now I think the direction is upward. I expect tech to outperform to the upside.

Good luck!

٤ أغسطس ٢٠٢٣

ملاحظة

If they breakdown here, it could be another C wave down before the bigger rally.

٤ أغسطس ٢٠٢٣

ملاحظة

correction in the description - 4530, not 3530!

٤ أغسطس ٢٠٢٣

ملاحظة

wow, i didn't see that - a total fake out rally, bear market behavior. Buyers barely stepped in at support. Not sure what to make of it but the rsi is telling me it won't go much lower before a bounce.

٤ أغسطس ٢٠٢٣

ملاحظة

there's a remote possibility this is happening, RSI divergence now. It could be a bear trap into the weekend by the wall street tricksters. I don't know so I'm going home flat.

٤ أغسطس ٢٠٢٣

ملاحظة

If tech is to outperform (I think so still). A move up to close the gap on NQ next week would probably do it. Very possible. We're close to target there.

٤ أغسطس ٢٠٢٣

ملاحظة

NQ to target, definitely feeling like a bear trap today. Calls for a crash this weekend will be rampant.

٤ أغسطس ٢٠٢٣

ملاحظة

similar structure on ES. It may be fantasy, but i'd like to see this next week so i can short the top of it.