Bulls take a position, get trapped; bears jump in and get trapped as well. A coil. Stops are placed. As they should. If the coil breaks out, half the crowd will quickly be wrong and bail.
The market will eventually pick a way, discover price. Up down, cant do sideways forever.
Crypto is rising, cpi is slowing. gasoline is cheaper. Cnn sentiment index is at 'greed". Percentage of stocks above moving averages is elevated. Vix is in downtrend and low end of range. Valuation is still above historical 15 PE and shiller PE is near 29. Many stocks are at 20 plus PEs, especially large caps, despite analyst show slower growth.
old trader sayings: "from failed moves come fast moves" "stocks move in the direction that hurts the most people" "stocks always go up" "buy high and sell higher"
Sound financial guidance recommends you only invest money you wont need for 5 years or more. Good luck and dont risk money you can't afford to lose. QQQRTYIWM
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.