Bullish begin? False breakout? short squeeze? We'll have the answer within 2 weeks.

LCapitaljr
2022-03-18

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(QQQ)$ $iShares Russell 3000 ETF(IWV)$ 

After the Federal Reserve's interest rate announcement on Wednesday, a large number of stocks rose quickly. but if you check the market structure, price action or trend, i didn't see any sign of breakthrough yet. it like when you throw a stone into a lake. A nice circular wave appeared on the water. Physicists call these ripples "surface waves" because only molecules a few inches from the top of the water are moved by the ripples.  

from my back-test, inference the stocks, within these 4 weeks is the critical period for all of them. 

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Comments

  • Maky
    2022-03-18
    Maky
    It could just be a relief rally. Think market still not stable yet. Agree that we need to observe for a few weeks to see whether market has turned bullish
  • alanyeo
    2022-03-19
    alanyeo
    A 2.8% based on the last ten years is still a good number! That pushes the market to start repricing again which causes the recent tally
  • alanyeo
    2022-03-19
    alanyeo
    The reversion of GDP downwards from 4.1% to 2.8% by powell at post FOMC meeting put some certainty into the market. We know a slowdown will happen but dont know how much.
  • alanyeo
    2022-03-19
    alanyeo
    1. China delisting risk
    2. Chinese government coming in to say that they will stabilise market
    3. Post FOMC conference, powell commented GDP to be revised downwards from 4.1% to 2.8
  • cheezzy
    2022-03-18
    cheezzy
    Although the Fed has raised interest rates, US stocks have already seen a two-day upward trend, so I wonder what the next performance will be?
  • poppii
    2022-03-18
    poppii
    Do you think this trend will continue? Are you bullish or bearish?
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