Today: Both SPY/QQQ may attempt to go up to fill the gap, this becomes a small 4th wave inside the red wave "i"
Tomorrow, Market go down again as 5th wave to complete red wave "i", but above the support level I mentioned in the weekend
Wednesday: Tariff comes out, market will decide the direction based on Tariff data --- either go above and break the overhead resistance to go back to green path, or fails at that resistance which put us "firmly" into red path
It reflects changes in economic activity after they have already occurred, confirming trends rather than predicting them. This data is the first macroeconomic data we may see so far. By the way, I don't think current SPX low is the lowest this year.
Today: Both SPY/QQQ may attempt to go up to fill the gap, this becomes a small 4th wave inside the red wave "i"
Tomorrow, Market go down again as 5th wave to complete red wave "i", but above the support level I mentioned in the weekend
Wednesday: Tariff comes out, market will decide the direction based on Tariff data --- either go above and break the overhead resistance to go back to green path, or fails at that resistance which put us "firmly" into red path
Shopping list 已经准备好了。Until then, continue to do swing trade + ratio put to slowly accumulate
It's far more important than Tariffs to tell how economy is going
So, bad report will confirm to reduce positions but not before report.
I will take risk to buy into the market to bet labor market still healthy. Us economy still in good shape
just like Fed thought .
Important. They all look important and in the meantime none of them are important in this sense.
It reflects changes in economic activity after they have already occurred, confirming trends rather than predicting them. This data is the first macroeconomic data we may see so far. By the way, I don't think current SPX low is the lowest this year.