Short week ahead! Its the xmas week! Do we get a short squeeze like many have been waiting for?!
Base off technicals, we do get a relief rally coming next week. Also base off theory of why we usually get a rally on xmas because instituitions want to close off their books before the holidays.
Shorts will be covering to book in profits to close the year. The downtrend should continue in early 2023!
More technical analysis shared in the video for various stocks tagged in this post!
Catch them now and stay prepared for 2023! It has been a great 2022 and it turned out exactly how I told you guys it would since 2021 Dec. Volatility and a big crash!
Im still excited for what is to come in 2023!
Lastly, Merry Christmas to all of you!
As always, Trade safe & invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos!www.youtube.com/c/investing101channel
Video Link:
https://youtu.be/yJz1lwL1p-Y
$NASDAQ 100(NDX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(QQQ)$ $Tesla Motors(TSLA)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ $Advanced Micro Devices(AMD)$ $Alibaba(BABA)$ $Cboe Volatility Index(VIX)$ $VIX Short-Term Futures 1.5X ETF(UVXY)$ $2X Long VIX Futures ETF(UVIX)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $S&P 500 Bull 3X ETF(UPRO)$ $S&P 500 Bear 3X ETF(SPXU)$
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