Find out how a false breakout could unfold in S&P 500 should a short-term bearish case materialize while the debate on the debt ceiling is still ongoing.
Pay attention to the important axis area as discussed in the video below before a shakeout is triggered. @TigerStars $S&P 500(.SPX)$ $E-mini S&P 500 - main 2306(ESmain)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini Nasdaq 100 - main 2306(NQmain)$ $NASDAQ(.IXIC)$ $DJIA(.DJI)$
The bullish setup vs. the bearish setup is 336 to 155 from the screenshot of my stock screener below pointing to a positive market environment.
The extended run-up in the Nasdaq 100 is also reflected by a handful of the FAANG stocks and the heavyweight in the semiconductor group. If one missed out on this climatic run to the upside, pay attention to the end of the discussion of the Nasdaq 100 on what to anticipate after the impressive run.
The video above is part of the latest Weekly Live Group Coaching Session (1.5 hours) on 16 May 2023. Click to visit TradePrecise.com to get more stock market insights in email for free.
Comments
I’m calling for another 50%+ move on the semi sector from here. SMH to 200+. FAANGS and miners are heading for a historic run ahead. Rally begins with the pause at near all time highs. Investors will be all in at the top and be bullish at the top. Start buying aggressively at these levels before it’s to late.
I don't think oil falls much from here. I'm in at 60 half position and would have bought more at 61 but pull back unlikely. Will hold until 71-72 and exit. Opec meeting coming soon and should support prices here.
June 13th AMD will unveil its new A.I. technology and Data Center solutions.
This stock has nowhere to go but up.
When You Keep Investing in the Best Tech like AMD... You Will Keep Setting New Highs.
Long semis and AMD. I wish I had listened to T sooner. It’s never to late