IWM (Russell 2k) chart not as clear as the NDX or even SPX to me at this time. Plus, the Fed will most likely continue to take any measures possible to shore up the regional banks (KRE) & that sector has a big weighting in the R2K. The top 6 stocks in the NDX have the most hot air right now so watching those primary uptrend lines & price support levels which they are sitting just above right now closely for sell signals.

Broad market is basically flat since the Fed announcement & press conf. Initially dropped, then bounced now $SPX is up a mere 1/2% from where it was before the 2pm announcement so I wouldn’t try and read anything into the market’s reaction, at least not at this time as it is essentially flat.

The Fed doesn’t have a clue what they will be doing with rates going forward, despite what they say (their forecasting abilities are widely know to be nothing short of abysmal). They will hold, cut, or hike going fwd depending on how hot or cold inflation runs plus or minus any shocks/problems with the financial system at the time (or lack thereof).

I certainly have my views on the macro/fundamental outlook for the US & it does play into my long-term analysis but the charts (technicals) have always been a much more accurate predictor of where prices are headed in the near-term (days, weeks, & months) than the fundamentals. Right now, watching those key support levels on the top 6 tech stocks to confirm those sell signals which appear likely to trigger soon.

please be pa·tient…you have one…. buy the dip….will not last long

Screen shot below…

Another trade is about to trigger on SPY which is Short SPY if it break 438.6 level (15 minute candle) with RR 1:3

Exactly right.
All I’m hearing is that this rally can’t last, a 5-10% correction will be healthy, RSI’s are way too high, the big stocks are way overbought, market breath is abysmal, the small concentration of stocks leading the market is not healthy, and on and on.
It all adds up to….when everyone is telling you the market has to go down…the market is going to go up.

So far, this week I took only 1 trade on QQQ which was yesterday and closed today.
Last week 3 trade and all 3 trades were green.

Remember all the trade should have RR 1:2

Long QQQ at 362.25; SL at 360.45 and Target at 366.10

I suggest you find An investment money manager. Do not try this on your own you’ve got a life ahead