Hi All,
What a strong close today for SPY. It certainly took Bears on surprise, the bigger surprise was Nasdaq strong pull back to green as there's a lot of FUD around inflation, which is true but FAANG stocks are too cheap to be ignore for long.
Again, correction can be very tricky, I'll not assume or jump into any conclusion, we're still sitting in correction, and there're various ways Eliott's Correction can take place in ABC pattern, so place your bets accordingly. Good luck.
What a strong close today for SPY. It certainly took Bears on surprise, the bigger surprise was Nasdaq strong pull back to green as there's a lot of FUD around inflation, which is true but FAANG stocks are too cheap to be ignore for long.
Again, correction can be very tricky, I'll not assume or jump into any conclusion, we're still sitting in correction, and there're various ways Eliott's Correction can take place in ABC pattern, so place your bets accordingly. Good luck.