Stock market pullback back lasted for the past two days. Using technical analysis, is now the time to buy the dip, or wait for stocks to sell off even further before considering buying stocks?
The stock market ripped higher following the FOMC Statement issued by Jerome Powell. The stock market soared, and from a technical analysis standpoint, the outlook looks good for stocks going forward. In this video, I provide my analysis on the SPY, QQQ and IWM ETF, as well as my outlook on the VIX index.
S&P 500 (SPY) and Nasdaq 100 (QQQ) both made major moves via technical analysis when broke through their declining trend lines on their respective charts. These trend-lines go back over a year, and this is the first time that these ETFs have managed to break through!
Resistance on $VIX continues to kick price back down. The 8th straight successful attempt this year alone and 11th overall. Â Â
With 2023 underway, when can we expect a stock market bottom? I have found that some clues may lie with the long-term charts of QQQ using technical analysis. Though certainly not a sure thing, past history suggest that the Nasdaq 100 (QQQ) could find its bottom at this key price level.
The FOMC Statement was released and Jay Powell had his presser thereafter. Stocks sold off as a result, and leaves traders wondering if we have really reached a stock market bottom. I provide my technical analysis for the stock market following the FOMC Statement and where the market looks to go from here.
Stocks have been overextended for over a months. Following Jay Powell's speech at the Brookings Institute, it looked as if the stock market would continue to rally but it ran into heavy technical resistance and stocks since has been trending lower. Is this the time to get short or long? In this video, I provide