Trading Ideas: What's Going on Next?
Hello everyone! Today i want to share some technical anlaysis with you!
1.
$.SPX(.SPX)$ As I noted on Jan. 17 (see the tweet attached), the "bearishness is too high" and "it will trigger a snap-back rally, even without any catalyst."
Turns out that most bears joined the bus at the wrong time--SPX jumped 250+ points in a few days. Last low 11/2/23, also a major low.
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2.
Tug of War: [Mag-7 disagree with earch other in terms of direction]==let's see at the end of the day, who has more pulling power?
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