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SPX US stock markets ended Monday's trading with sharp daily losses, the largest since 2022, amid panic selling in technology stocks, with sector shares leading market losses exceeding $1 trillion. NVDATSLAAMZN
SPX If we knew what parameters the trading algorithms of the big players are using... MACD with standard settings is still positive on the monthly, 4W and below is already "sell". So far this looks like a repeat of 2022.
SPXSPY from a market education perspective, you hear so many reporters say that reversals happen when all hope is lost. The reality is that all hope feels lost exactly at the time when it’s tempting to go long because prices are too tempting. There is never a clear sign of a bottom as it is about to happen. There are only confirmations that the bottom has happened when there is a deep enough retracement up
SPYSPX I am wondering if I also thought of doing the opposite when the price action is too easy to guess. Now, everyone started talking about market crash; it is easy for the people to guess a market crash coming soon because of price action or whatever reasons. Does it mean we should look for long opportunities, as the market always behaves opposite to what 90% of traders think? Not neccessarily, but thinking the other way might help us make some money.