$Alibaba(BABA)$ Price did not play out as analyzed last week, and has broken multiple structures to the upside. I'm expecting price to potentially target the bearish POI at 121.30 next. Price could also do a bearish retracement into the fair value gap at 92.06 before continuing higher. $DJIA(.DJI)$ Price mitigated the current bearish POI again since my analysis last week. Volume is decreasing on this mitigation, as well as on the up moves. Price is also building sell-side liquidity on the lower timeframe, which will be taken once we have a confirmation for price to go lower. $Grab Holdings(GRAB)$ Price played out nicely as analyzed last week, mitigating th
In March, we witnessed a bank from the sale of its assets to bankruptcy only takes 48 hours, and we also saw that it takes only one weekend for the risk to spread from the United States to Europe. A globally systemically important bank like $Credit Suisse Group AG(CS)$ has been severely impacted, and the liquidity position is likely to escalate to a credit crisis.After these accidents, global central banks shows clear attitude: risk prevention is the highest priority!The U.S. Treasury Department, the Fed, the Swiss National Bank, and the European Central Bank have all stated that they can save, must save, and to save as soon as possible.It is clear that the cost of rescuing the bank in trouble is indeed low, otherwise the serial bank runs will cause
In the context of the collapse of Silicon Valley banks, tech stocks rebound and lead the way. Data show that $Apple(AAPL)$ rose more than 5% in the past three weeks, accumulating nearly 30% so far in 2023; $Alphabet(GOOG)$ rose more than 13% in the year; $Nvidia (NVDA)$ up 85% year-to-date; $Meta Platforms, Inc.(META)$ is up over 65% for the year; $Advanced Micro Devices(AMD)$ is up over 50% for the year.1. Tech stocks entered technical bull market due to more liquidity $Invesco QQQ Trust(QQQ)$, which includes the 100 largest non-financia