tugobr

tugobr Updated 

Before the last inflation reading we had a choppy week with the market waiting for the numbers to react. As we saw the inflation increasing we had a huge selloff leading to the FOMC. Is this movie playing again this week until the next reading? If so, I see the possible scenarios: - If the inflation increases the market should drop until 3500 in SPX and price-in...

tugobr

While checking out the 1 minute today in SPX and NQ I found at the top this common structure that the market uses for correction. Then while checking out the weekly I saw that we're kinda forming the same. If this is confirmed, I see us going one more leg down to retest the bottom after earnings/FOMC in early August, maybe tagging the 200ma and then possibly...

tugobr

Will APPL be able to overcome this candle syndrome? In case it misses its earnings, this is how I see it finding a bottom. I think Apple is being used to "manipulate" the market and keep the indices up. Otherwise, enjoy the continuation of this rally during the 2nd semester! :)