Investing1o1
2022-05-02

FOMC is coming this Wed. we have tons of important data coming this week as well too.

‌‌$E-mini Nasdaq 100 - main 2206(NQmain)$‌almost broke the recent lows. ‌$E-mini S&P 500 - main 2203(ESmain)$‌also close to breaking 24th Feb lows which have held for 2 months so far.


$Volatility Index - main 2205(VIXmain)$‌also looks to be ready for another run.

But despite all this DXY also finally did a pullback after hitting 104 resistance. With USD pulling back to 101 or potentially lower, what does it mean for the indices?

what to expect now? 


Do we go new lows or do we reverse here as a double bottom on the ‌$SPDR S&P 500 ETF Trust(SPY)$‌? it's all explained in the video!


The stocks tagged in this video also have their technical analysis done! last week we had a week full of traps, this week we will get it too!


As always trade safe and invest wise!


https://youtu.be/el4Sj5K3LAo


Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos! www.youtube.com/c/investing101channel


$Invesco QQQ Trust(QQQ)$‌‌$Microsoft(MSFT)$‌‌$Tesla Motors(TSLA)$‌‌$Meta Platforms, Inc.(FB)$‌‌$Apple(AAPL)$‌‌$NVIDIA Corp(NVDA)$‌‌$AMD(AMD)$

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Comments

  • Jenjorjack
    2022-05-02
    Jenjorjack
    The stock market versus economy versus near term high inflation. Have to pick one to solve 1st and if they brought in the kitchen sinks the last time when covid hits, expect big actions to tame
  • All in Tesla
    2022-05-02
    All in Tesla
    Aftee Fed meeting i believe a reversal is most likely due to the fact it is way oversold
  • Vandaluus
    2022-05-02
    Vandaluus
    China is closed for half the week, HK is headless chicken, SG is dead as always. So can only trade US for volatility on FOMC reaction.
  • BenGI
    2022-05-02
    BenGI
    Another rollercoaster week to come
  • HOTBE
    2022-05-02
    HOTBE
    Noted with thanks
  • Blessedme
    2022-05-02
    Blessedme
    market is unpredictable
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