Stocks opened lower but they are not as weak as it seems. The SPY is still in a trading range in the 60 min charts, therefore a bounce up bounce down is to be expected. With the 60 min 200 MA below the SPY, we have some confidence that a flash drop won't happen yet.
I update stuff earlier in the Telegram Group. The link is https://t.me/joinchat/AAAAAD7zlt6PytPzhsIA0A . You will need to copy and paste it and have a Telegram Messenger. Something like a Whatsapp but allow more people.
Below are the charts that I have put.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
May 30, 22 07:20 AM
What is the market doing and what is it likely to do?
Apr 27, 22 09:01 AM
As we enter April, will we continue to move higher or will there be a correction coming?
Apr 13, 22 11:46 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.
Apr 12, 22 09:38 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Apr 12, 22 09:34 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.