After the last three days of falling consolidation, and the fact that META(FB) has a beat that encouraged the market, I think we are very likely to bounce off from here. Tomorrow's AAPL ER is likely to be a beat in my opinion, because this ER season all of the companies that have no social networking components all did fine.
We will then continue to go up higher and might take a pause around FED meeting time in early May, after which, there will be a lot less uncertainty and the market is likely to continue higher.
I had been expecting another SPY leg down in my previous post, but I have now changed my outlook to long.
Inflation might have peaked. Lots of money is coming to the US to enter the bond and stock market. It is also been long enough from our peak in beginning of Jan. Therefore, I think it is very likely we will see the market trending up again.
We will then continue to go up higher and might take a pause around FED meeting time in early May, after which, there will be a lot less uncertainty and the market is likely to continue higher.
I had been expecting another SPY leg down in my previous post, but I have now changed my outlook to long.
Inflation might have peaked. Lots of money is coming to the US to enter the bond and stock market. It is also been long enough from our peak in beginning of Jan. Therefore, I think it is very likely we will see the market trending up again.