E‌nd of March "window dressing

2023-04-01

E‌nd of March "window dressing" for $Invesco QQQ Trust(QQQ)$ ‌?

It's interesting to see how stocks rallied despite interest rates at close to 5% and I wonder how much of it has got to do with companies & fund managers trying to push up the market so that they can have a better "Q1 performance" to report?

If history repeats or should I say if "chart patterns" repeats, then we better be wary of April till June. Because March 2023 behaves exactly like March 2022. 1st week of red, followed by 3 weeks of strong green. The difference is the RSI this time is stronger than last year. (But so is the interest rate)

2 things I will be watching:

1) Whether price can break previous resistance level of $334.42

2) Whether the candle will close in red or green for the 1st week of April & whether it's a bearish engulfing or doji because this could set the momentum for the rest of the month

Anyway, good weekend and hope everyone have a good April! Cheers!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

maricel
2023-04-01
maricel
[lovely] [lovely] [lovely]
GREEDisGOOD
2023-04-02
GREEDisGOOD
thanks for sharing
meurasian77
2023-04-02
meurasian77
thanks for sharing
RickSanchez
2023-04-03
RickSanchez
yeah
LSK9092
2023-04-02
LSK9092
ok
Ray Kwan
2023-04-02
Ray Kwan
[呆住]

Leave a comment

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Because March 2023 behaves exactly like March 2022. 1st week of red, followed by 3 weeks of strong green. The difference is the RSI this time is stronger than last year. (But so is the interest rate)&nbsp;\n \n2 things I will be watching:\n \n1) Whether price can break previous resistance level of $334.42&nbsp;\n2) Whether the candle will close in red or green for the 1st week of April &amp; whether it's a bearish engulfing or doji because this could set the momentum for the rest of the month\n \nAnyway, good weekend and hope everyone have a good April! Cheers!&nbsp;\n </body></html>","htmlText":"<html><head></head><body>E‌nd of March \"window dressing\" for&nbsp;<a href=\"https://laohu8.com/S/QQQ\">$Invesco QQQ Trust(QQQ)$ &nbsp;</a>‌?\n \n<img src=\"https://community-static.tradeup.com/news/b99340f0d62a93b506c2115e5c018522\" tg-width=\"200\" tg-height=\"200\"><img> \n \nIt's interesting to see how stocks rallied despite interest rates at close to 5% and I wonder how much of it has got to do with companies &amp; fund managers trying to push up the market so that they can have a better \"Q1 performance\" to report?\n \nIf history repeats or should I say if \"chart patterns\" repeats,&nbsp;then we better be wary of April till June. Because March 2023 behaves exactly like March 2022. 1st week of red, followed by 3 weeks of strong green. The difference is the RSI this time is stronger than last year. (But so is the interest rate)&nbsp;\n \n2 things I will be watching:\n \n1) Whether price can break previous resistance level of $334.42&nbsp;\n2) Whether the candle will close in red or green for the 1st week of April &amp; whether it's a bearish engulfing or doji because this could set the momentum for the rest of the month\n \nAnyway, good weekend and hope everyone have a good April! Cheers!&nbsp;\n </body></html>","text":"E‌nd of March \"window dressing\" for $Invesco QQQ Trust(QQQ)$ ‌? It's interesting to see how stocks rallied despite interest rates at close to 5% and I wonder how much of it has got to do with companies & fund managers trying to push up the market so that they can have a better \"Q1 performance\" to report? If history repeats or should I say if \"chart patterns\" repeats, then we better be wary of April till June. Because March 2023 behaves exactly like March 2022. 1st week of red, followed by 3 weeks of strong green. The difference is the RSI this time is stronger than last year. (But so is the interest rate) 2 things I will be watching: 1) Whether price can break previous resistance level of $334.42 2) Whether the candle will close in red or green for the 1st week of April & whether it's a bearish engulfing or doji because this could set the momentum for the rest of the month Anyway, good weekend and hope everyone have a good April! 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