Indices & ETFs

@manch favorite influencers.

Their job is focussed on circulation and advertisement revenue. When stock is positive, they discuss bullish way and when stocks are down they talk bearish way.

Many do not understand the main focus of news/media, it is not focussed on providing free service where the market actually go !

All they need to do is talk something attractively to listeners and get a pay check!

Falling asleep. Is Mar 2023 here yet?

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What if we are in ATH when you wake up by Mar 2023? LOL!

Started to priced in :wink:

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Beth is smart to incorporate TA esp EW with her FA and networking.

Line in the sand 3795.

3000 here we come. Sorry this wave shit is a bunch of bull.

So long Oct low of S&P is not broken means a new bull market has started.

What’s fascinating to me is the XLI (industrials) chart is probably the best sector right now. It’s forming what could be a great cup with handle pattern. Those are cyclical. It’s illogical for those to do well if we’re heading into a recession.

I was looking for buys in early 2020 when Covid tanked things and picked up some Nucor steel. Wow has that been a money maker. 24% off its high but still almost triple its low.

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Thank you for the trading tip.

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Hmm… even Mauro suspects that Oct is the bottom for the market.
SPY > 396 confirms Oct is the bottom… in a new bull market.

Daily Chart

Hourly Chart

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386.4

402 ultimate confirmation of a new bull market.

CPI print might be higher than forecast tomorrow.

https://twitter.com/data_ev/status/1613269277167210496

3950

More and more commentators think S&P has started a new bull market from mid Oct 2022.

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Price action forces Mauro to choose a new bull market started from Oct last year as the preferred count… :man_dancing: Almost undeniable… I have a feeling what J Powell said during FOMC no longer matters.