In my view, the recent slump in the major US indices, particularly the 1.7% drop in the Nasdaq fueled by declines in tech giants like Apple, Microsoft, and Tesla, raises questions about the market’s direction. While some may interpret this as a minor pullback, others might see it as the beginning of a broader reversal. Personally, I lean towards a cautious bearish stance given the uncertainty surrounding the central bank’s upcoming remarks and the potential for further market volatility. It’s essential for investors to remain vigilant, reassess their positions, and adopt strategies that align with their risk tolerance amidst these turbulent market conditions.

I opened $SPY VERTICAL 240328 PUT 510.0/PUT 500.0$  ,It’s a new month and stochastic is in the oversold region for both weekly and daily chart. Is it about time for buyers to take a rest and sellers entering the market? Looking at the 4hour chart, it seems like there is a long wick bearish candlestick formed. Therefore, I decided to open this trade in view of price moving down in the month of Mar.

Major United States indices ended on Tuesday (Mar 5) in a slump, as key tech names lost ground and traders looked ahead to remarks by the central bank chair later in the week. The tech-heavy $NASDAQ(.IXIC)$ lost 1.7%, it has gone 303 trading sessions without a pullback of 2.5% or more, the third-longest stretch since 1990.Is this only a small pullback, or the start of a reversal for the whole market?Below are some insights from Tiger @ZEROHERO, @Mrzorro and @Shyon. Which opinions do you agree with？🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 T

This market rally has been led by NVIDIA.... to know if this is a pullback or start of a reversal one needs to look at the technicals of this stock.  On Friday, NVIDIA's price action showed a reversal engulfing candle, the sign of price reversal. But there has been a few pullbacks before in this rally... why is this time is different ?  The difference is the volume. On Friday, the reversal engulfing candle is enforced by huge volume... 106 million shares transacted, the highest volume in more than a year.  That means it is not manipulated by a small group but a widespread action. If NVIDIA let the market up, it may be the one to lead the market down.... the start of a market reversal... watch the market closely over the next few weeks, especially NVIDIA.

today is better, more green... hopefully, the green will stay for long... remaining hopeful... [Grin] [Grin] [Grin] @Universe宇宙 @Shyon @Aqa @LMSunshine @koolgal @GoodLife99 @rL @HelenJanet @DiAngel this only a small pullback, or the start of a reversal for the whole market? 🎁Prizes 🐯 All valid

It's just a correction guys!

Oops..rebound already

$S&P 500(.SPX)$  yesterday was bearish, today performing better... Remain hopeful...[Grin]  [Grin]  [Grin]  

$SPDR S&P 500 ETF Trust(SPY)$ $S&P 500(.SPX)$ The reversal is coming! Wait in the market![Miser][Miser][Miser]How long do we stay below 5400 - SP500? is the real question. Are we going to see a sideways range through the fall? Do we get a rip roaring 10-15% correction and "L" or even better "V" recovery? The path does not matter as much but here is my commentary anyway. I think that we see a temporary high in early April as we power through the rest of Q1 earnings then take a breath.12% correction? -> 480 looks like a good support? over a couple months? May usually sucks, do we see a bottom in May with the "sell in May and go away" crowd? But I cant imagine much of a stay there with a gap d

The S&P 500 ticked lower on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data. The broad S&P 500 and technology-heavy Nasdaq Composite  each slipped 0.1%. The Dow Jones Industrial Average  last gained lost 12 points, flickering around flat. Information technology stock Super Micro Computer  dropped more than 3%, while chipmaker Nvidia  swung between gains and losses in another day of choppy trading. Both moves come as investors question if stocks tied to artificial intelligence have more room to run after monster rallies. Meta  also struggled, with the Facebook parent tumbling more than 3%. Outside of tech, pharmaceutical stock Eli Lilly  dropped more than 4%. Those

Stay Bull above $SPDR S&P 500 ETF Trust(SPY)$ 507, if SPY breaks down below 507 the next levels of support are at 501 and 497. $Invesco QQQ Trust-ETF(QQQ)$ is headed towards a gap fill at 425. Nothing moves in a straight line. We are still in a strong Bull trend, even 5-15% pullbacks are perfectly normal, healthy and to be expected within a Bull trend.I firmly believe the start of reversal is around the corner.[Sly][Sly][Sly]

The $Invesco QQQ Trust-ETF(QQQ)$  has all kinds of short term support in this area but the macd is pointing down again on the full daily.While a bounce is possible, the top was probably put in yesterday and lower these will ultimately go.[Happy][Happy]Under the circumstance, the downward risk is so high and may happen within half years. We will see a much harsher pullback for sure![Speechless][Speechless] $SPDR S&P 500 ETF Trust(SPY)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $NASDAQ(.IXIC)$

I think this time it may be a reversal, at least for March… with the market already being so overbought, and we already had a better than expected Feb… So i’m bearish on $Invesco QQQ Trust-ETF(QQQ)$ [Sick]