tugobr

tugobr Updated  Jul 20, 2022

Before the last inflation reading we had a choppy week with the market waiting for the numbers to react. As we saw the inflation increasing we had a huge selloff leading to the FOMC. Is this movie playing again this week until the next reading? If so, I see the possible scenarios: - If the inflation increases the market should drop until 3500 in SPX and price-in...

tugobr Jul 20, 2022

While checking out the 1 minute today in SPX and NQ I found at the top this common structure that the market uses for correction. Then while checking out the weekly I saw that we're kinda forming the same. If this is confirmed, I see us going one more leg down to retest the bottom after earnings/FOMC in early August, maybe tagging the 200ma and then possibly...

tugobr Jul 16, 2022

Will APPL be able to overcome this candle syndrome? In case it misses its earnings, this is how I see it finding a bottom. I think Apple is being used to "manipulate" the market and keep the indices up. Otherwise, enjoy the continuation of this rally during the 2nd semester! :)