[LISTEN🎙] Buy Signal On The SPY? Bulls Need To Wake UP! Here Is Why...
🟢TIME TO GET LONG THE STOCK MARKET?
Hey Traders and VIP Members (exclusive traders & readers),
The aim of tonight's analysis is not to definitively label the market as bullish or bearish, but rather to assess where the probabilities lie for a potential trade.
After evaluating three key market factors (SPY, USD, 10-year Treasury yields), we can draw the conclusion that the probabilities are leaning in favor of…..
Today, the Dow Jones Industrial Average experienced its most significant loss since March, while there's growing talk about the bond market facing a crash, particularly as the 30-year bonds.
In today's market action, we saw declines in stocks like Apple and Microsoft, with both the NASDAQ and S&P 500 showing notable weakness throughout the day.
With the US Dollar rapidly gaining strength and the 10-year Treasury yield surging, the question on everyone's mind is whether we're on the brink of a crash or if there's an opportunity here for a long trade.
As some of you may be aware from our discussions in the Telegram chat, I am currently in a long position with NASDAQ Futures, but, down 100 points on the trade. I'll explain my rationale for this position and assess where the probabilities lie for tomorrow's trade plan.
During volatile times like today, emotions run high. Traders often make impulsive decisions driven by their feelings rather than sticking to their trading edge. Remember to trade edge and not action. It's during these emotionally charged periods that we can find opportunities, provided we stay composed and trade like true professionals, avoiding the traits of reckless gambling.
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