Sunday, April 21, 2024 11:36:55 AM
Thx for sharing your analysis. Well done.
My crystal ball this morning looks like this;
Following swing trading rules, the current market move down stalls around 475, then turns up again. However, if a black swan appears (WW2.5 escalates further?), and the anticipated recession begins, this move down continues much lower, below last Oct/Nov levels I fear, and taking gold and bitcoin down with it as people go to cash to pay bills.
I choose not to ride SQQQ this market move down, but rather several of the Mag7 individual components.
LABD, SOXS, NVDQ, TSLZ, also FAZ, and DRV.
Both FAZ and DRV are stalling/rolling over BTW. We shall see what Monday brings. GLTY
My crystal ball this morning looks like this;
Following swing trading rules, the current market move down stalls around 475, then turns up again. However, if a black swan appears (WW2.5 escalates further?), and the anticipated recession begins, this move down continues much lower, below last Oct/Nov levels I fear, and taking gold and bitcoin down with it as people go to cash to pay bills.
I choose not to ride SQQQ this market move down, but rather several of the Mag7 individual components.
LABD, SOXS, NVDQ, TSLZ, also FAZ, and DRV.
Both FAZ and DRV are stalling/rolling over BTW. We shall see what Monday brings. GLTY
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