Market Update 9/21/22
Time Stamps:
0:00 APPL
4:00 VIX
6:28 APPL
9:12 BTC
18:02 ETH/BTC
19:06 GOLD
19:24 OIL
Lets see what happens.
I go over what I want to see then a recap of the last couple days and today and then I go over BTC towards the end and the big trend we have been in for months.
Long story short, I hope we get bought up a small amount tomorrow so that we can have a clean break further down and it wont seem like we are getting oversold. Though, I can't be annoyed by anyone selling because they want to be in in cash. It just makes sense as a defensive option. So to that, we may just fall off a cliff. I really don't mind being oversold though, as I prefer being bullish on/after big drops.
To me, the indexes have no real support underneath where they currently are and if APPL drops, It will drag things down pretty far. I expect Appl to head towards 122 in the near future, but well have to see what happens. Appl around 22 would coincide with the indexes possibly hitting around 20-38% down, which isn't bad considering there could be a nice amount of overselling and an easy ride back up like we had in 2020.
0:00 APPL
4:00 VIX
6:28 APPL
9:12 BTC
18:02 ETH/BTC
19:06 GOLD
19:24 OIL
Lets see what happens.
I go over what I want to see then a recap of the last couple days and today and then I go over BTC towards the end and the big trend we have been in for months.
Long story short, I hope we get bought up a small amount tomorrow so that we can have a clean break further down and it wont seem like we are getting oversold. Though, I can't be annoyed by anyone selling because they want to be in in cash. It just makes sense as a defensive option. So to that, we may just fall off a cliff. I really don't mind being oversold though, as I prefer being bullish on/after big drops.
To me, the indexes have no real support underneath where they currently are and if APPL drops, It will drag things down pretty far. I expect Appl to head towards 122 in the near future, but well have to see what happens. Appl around 22 would coincide with the indexes possibly hitting around 20-38% down, which isn't bad considering there could be a nice amount of overselling and an easy ride back up like we had in 2020.
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