Asphen
2022-05-05

Reality check - Post Papa Powell Rally 

Okay, gone into deeper analysis today after the papa rally fever is over....haha

- the big rally is last 1.5hrs only so you can see the structural support is not there

- market internal structure points to pull back today (423) and (419/420)

- possible bull run might still happen (just saying pullback is possible after last night sharp run was only the last 90mins)

@YTiong@Deposit@TigerStars@TigerEvents

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Comments

  • HSTew
    2022-05-07
    HSTew
    I think the US stock market is still doing its own correction downward as the is no support from the US government anymore.
    • Asphen
      yup. but I base on TA rather than FA.
      as today 70% of trading are done by algo. so they all trade according to technicals.
      so I go with structure and levels.
  • yeoldCK
    2022-05-07
    yeoldCK

    Your projection of a pullback is confirmed as most stocks have gone down after the briefing. 

    • Asphen
      yup. Monday will bounce. but downtrend yet to be completed.
  • ShockaSam
    2022-05-07
    ShockaSam
    Awaiting recovery
    • Asphen
      Likely will be green on Monday
  • lewisleeks
    2022-05-07
    lewisleeks
    great[Smile][Smile]
  • YJZ
    2022-05-05
    YJZ
    Thks for sharing
  • zacklow
    2022-05-05
    zacklow
    S
    Nice
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