shikimorilover69
Gold
- Joined
- Jul 5, 2025
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Want to know what u guys think will happen tommorow in the US market.
Notably , the DJI and S&P 500 among other indicies have broken under or touched the 50 EMA, which is very VERY concering for the health of the market. Although we had tests of the 20 in August and September repsectively, this is the first time we've come close to the 50 since APRIL for fucks sake. And the extremity of this momentum shift is alarming. Unless, by some miracle, we can get some bounce and support to the 20, and trump starts behaving nice, it may the beginning of a correction; the market has shown extreme strength these past few months but alas all good rallies must come to an end. Again, this is all conjecture, but I would like thoughs on this. Pariticularly, if one were to take long positions, if at all, should they not be concentrated on stocks with the highest relative strength and best themes (e.g OKLO) ? For context I am a breakout swing trader which is pretty typical.
Notably , the DJI and S&P 500 among other indicies have broken under or touched the 50 EMA, which is very VERY concering for the health of the market. Although we had tests of the 20 in August and September repsectively, this is the first time we've come close to the 50 since APRIL for fucks sake. And the extremity of this momentum shift is alarming. Unless, by some miracle, we can get some bounce and support to the 20, and trump starts behaving nice, it may the beginning of a correction; the market has shown extreme strength these past few months but alas all good rallies must come to an end. Again, this is all conjecture, but I would like thoughs on this. Pariticularly, if one were to take long positions, if at all, should they not be concentrated on stocks with the highest relative strength and best themes (e.g OKLO) ? For context I am a breakout swing trader which is pretty typical.
