BEWARE THE FALSE BREAKOUT
Remember all those analysts that have been telling us the market was about to crash? Well, just like I predicted, the Nasdaq is now testing the all-time highs.
Beware of a false breakout early next week. This is how big money gets out of a position. They create a breakout and then sell to the clueless retail traders that buy the breakout. Buying breakouts rarely works in modern markets.
Don’t forget 10% off the regular annual subscription price good for this weekend only. Buy a regular yearly subscription and I will refund $20.
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Helpful insight. Opposite of what happens at undercut low? BP indicators of all major indices look tired and about to reverse. Kudos on your excellent read of NAS market. Wow, when one of the stocks in the FAANGT
and senior bio group and semi group dipped , others stepped in and pushed the index up in slow motion right up to your resistance level. Daily chart looked iffy, BP indicators looked iffy, but weekly price chart looked good, with nice white candles. It is important thus to examine at least 2 time frames, daily and weekly.
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Yes great insight