$SPDR S&P 500 ETF Trust(SPY)$ bounced without closing gap at 394. by the pnf plot, it appears to be trending up towards 440. $US10Y(US10Y.BOND)$ appears to be retreating after the fed pause. the market starts selling whenever us10y approaches 5%.
$FTSE 100(.UKX.UK)$ is the forward indicator of spy. spy might lag ukx's lead. ukx has also bounced off support but yet to have confirmation from pnf that a trend reversal has started.
headwinds: us government shutdown looming nov 17, weak chinese economic data and property crisis, us inflation, war, etc.
the bounce might indicate that all the headwinds have been priced in.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
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SPY hit the top of the downward channel, is my uninformed opinion. we'll see how it plays out.
Learning how to control your investment and reduce your risk. Hope I can manage it.
was DCA-ing regularly and caught goof lows
Keep loading those puts bears 😂 up we go