11/04/2023 Weekend Update

[Cobra]

Up 1 week, the next week has 54% chances to close up, 77% chances to make a higher high so more up!

[MrMiyagi]

NDX needs to stay out of the downtrend channel otherwise sell your kidneys and buy puts.

[JFR]

SPY daily.

Five bullish candles in a row.

Above EMAs 20, 50 and 100.

At a resistance level, with more above.

Bear market over? New bull market? On a daily chart basis, neither, in my opinion.

Bullish for day trading. Needs to clear resistance, and then possibly vacuum to the top.

Once it clears 438, I would see it as a bull market.

IMO.

[BullBear52x]

From"It is what it is department" Do you have a trading system? if not, welcome to the world of uncertainty. Stick to what works and sleep well.

The if. the should , the would, the bear, the bull.....Not my cup of tea.

Daily trend following: entering sell the rip setup, (RSI<70 = trigger sell, stop @ recent high once triggered) keep it simple.

Swing setup: dip will be bought, first thing first then will see from there, if bulls will be able to maintain the up trend this next dip buying should take us to new HH and continue, if not we would have a week of consolidation to look out to. Buy/Sell until it fails!

Intraday: Friday closed with a negative price action, but since we have a swing high, it's bullish bias, I am neutral at this level, and will let the multi-time frames analysis playing out, one thing I know for sure is, it will be volatile, day trader's heaven, know where your money is, and be nimble on the shorter time frame. good luck and trade well. Peace!

[Cobra]

$AAII bull - $AAII bear shows retailers were very bearish, so the timing couldn't be worse.