When hard days come, it is always good to see the bigger picture!
I checked all the major companies with a +100 billion market cap, they are all in the red zone except Wells Fargo which was +1.05%.
This is not a good sign by any means!
As you can see all the major trend lines are still intact although the sentiment in the market has changed a lot!
IMO: We are going to experience a correction, not a crash..! because we don't have the evidence for a crash yet.
I believe sitting outside the market and watching the turbulence would be a better strategy for the short term while searching for new opportunities that could pop up every now and then.
to wrap it up:
please put your stop loss in place and let it take care of your capital. it would be in your best interest to protect your profit and never let a winner trade turn into a looser one!
Moshkelgosha
I checked all the major companies with a +100 billion market cap, they are all in the red zone except Wells Fargo which was +1.05%.
This is not a good sign by any means!
As you can see all the major trend lines are still intact although the sentiment in the market has changed a lot!
IMO: We are going to experience a correction, not a crash..! because we don't have the evidence for a crash yet.
I believe sitting outside the market and watching the turbulence would be a better strategy for the short term while searching for new opportunities that could pop up every now and then.
to wrap it up:
please put your stop loss in place and let it take care of your capital. it would be in your best interest to protect your profit and never let a winner trade turn into a looser one!
Moshkelgosha
Trade ativo
Negative weekly performance could extended to next weekNota
Nasdaq broke the support line, the question is how far it could go down, I think S&P 500 and DJI will soon follow the nasdaq
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.