Thursday, July 23, 2020 11:10:32 PM
In my opinion, this guy has a really good view of the markets.
I believe that right now it is all about the parabolic move in NDX that is going to pull the other indices up with it for now. I still think that we will see some short squeeze action going on before it is all said and done.
When you start looking at the weekly charts, we are seeing negative divergences showing up on the charts again, and that is not a good sign.
Seems like the mindset is that the big boys can and never will lose value. If it wasn't for the fact that they are almost all showing some form of a parabolic move up, to me that is a topping pattern and should result in a significant correction at some point. But I still think that there is one more move up yet.
One interesting point in the video is that another stimulus check to the retail investor will give them money to buy the shares that the smart investors want to sell. LOL Let's see if that plays out.
MSFT
AAPL
SPY
I believe that right now it is all about the parabolic move in NDX that is going to pull the other indices up with it for now. I still think that we will see some short squeeze action going on before it is all said and done.
When you start looking at the weekly charts, we are seeing negative divergences showing up on the charts again, and that is not a good sign.
Seems like the mindset is that the big boys can and never will lose value. If it wasn't for the fact that they are almost all showing some form of a parabolic move up, to me that is a topping pattern and should result in a significant correction at some point. But I still think that there is one more move up yet.
One interesting point in the video is that another stimulus check to the retail investor will give them money to buy the shares that the smart investors want to sell. LOL Let's see if that plays out.
MSFT
AAPL
SPY
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