The market needed to complete everything first before we got the MONSTER BEAR MARKET RALLY!
1) It hadto decimate the growth stocks.
2) it had to decimate Crypto, Bitcoin sub $30,000.
3) Crush apple to $140.
Everything was completed yesterday
Hence the Monster Bear Rally!
Conversation
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I'm not good on these huge gap up days...expecting the rug pull at any moment & of course every time i entered the damn stock dropped...one of those days. Tough for a newbie...see all this money made and now it's all coming back down.
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i feel the same. so many bad days that i think this cant be real. expecting the rug pull on every candle..lot to learn !!
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Bounce today was because we were flirting with the bottom line of the channel for awhile. I do think we have a relief rally
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Aapl still rejecting the 50sma on the 30min and where taking profits was good idea and letting runners.
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So we got a buy signal on the "system." However, I personally did not go long because we have seen these rallies get shorted quickly. This could also be a fake cross. I think it is best to stay in cash over the weekend but there is definitely room for the rally to continue.
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