Some of us can be tempted to buy the dip. Let us do research. No trade can also be a good trade too.
This is an excellent summary.
$Cboe Volatility Index(VIX)$
Extracted from X user global markets investor.
⚠️Current market situation is ABSOLUTELY WILD:
1. S&P 500 has dropped in 11 out of the last 14 trading DAYS.
2. The index has tumbled 10% from its all-time high in less than 3 weeks, the FASTEST 3-week drop from the peak since the 2020 CRASH.
3. The daily RSI is at 20, the lowest since the first leg of the 2020 SELL-OFF.
4. The S&P 500 has now erased over $5 TRILLION in market cap.
5. Meanwhile, the Nasdaq 100 has plummeted 13% and officially entered a correction.
6. The Magnificent 7 stocks are in a BEAR MARKET and down over 20%.
7. The group has erased over $3.5 TRILLION in market value, more than the size of the entire German stock market.
8. Tech stocks are the most OVERSOLD since the 2022 bear market.
9. The Volatility index, VIX is up nearly 15 points and is trading at ~30, the highest since the August 2024 flash-crash.
What has happened to the AI hype? Time for a short-term bounce?
Let us research before investing.
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- jessica_twt·03-12TOPI think it’s time for rebound. But after rebound, the decline may continue.1Report
- quiettt·03-12TOPIncredible insights! Love your analysis!LikeReport