$Invesco QQQ Trust (QQQ.US)$listen everyone, it is TOO OBVIOUS to call this market over bought and bet the house on a free fall. the bottom line is markets are no longer even considering the worst case scenario which is what they were trying to price in, in early April. this will be a painful lesson if you "keep waiting for the bottom to drop" because it's not going to. you'll have down days for sure but they will find support and resume the uptrend. stop fighting it.
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ML Bull
OP
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I suggested if this broke 468.40 it wasn't looking back (outside of a black swan kind of release) and I expect this to continue through the day. don't lose your a$$ waiting for it to drop back to the lows
$SPDR S&P 500 ETF (SPY.US)$$Invesco QQQ Trust (QQQ.US)$Market sentiment right now, "Ohhh, that recession business can't really be that bad, BUY THE DIP! MSFT, META, AAPL, and AMZN earnings will save us! Plus, J Powell is going to cut rates soon, and the Fed is NEVER late."
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pootpoot
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the monthly death cross on macd is what alot of retailers ignore. they will suffer for that..
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am curious, don’t they see how bad these data are? both hard and soft data, seems like the market is reacting to as long as there are rate cuts and deals, everything is gonna be fine and great
ML Bull
OPMeshal Ibrahim
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not looking great for that short position which, by the way, I don't disagree with you taking but I think it's foolish not to pare that with a long position in names you like
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100k : wow