Snap back rally - NDX long on the QQQs
Selling has stalled out for now. (watch the volume)
Could it bust lower? Sure.
But now that everyone is talking about war and such.. it's probably not going to.
And if you see trashy newspapers/tv/soc media suddenly talking about the markets falling.. it's definitely too late to sell
and most likely a good time to get long,
especially if you didn't use Monday's mini-panic to your advantage.
Buy Panic.
Sell Euphoria.
Could it bust lower? Sure.
But now that everyone is talking about war and such.. it's probably not going to.
And if you see trashy newspapers/tv/soc media suddenly talking about the markets falling.. it's definitely too late to sell
and most likely a good time to get long,
especially if you didn't use Monday's mini-panic to your advantage.
Buy Panic.
Sell Euphoria.
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