$SPY TOP 20 UPDATE - AGAIN
Added 2023-03-23 19:57:13 +0000 UTCWe were looking for a rug pull today and we got it and we wanted to see this finish out of the ascending wedge and it burst down out of it.....another lesson to take from this because I am noticing more intraday concerns again at the opening of the day....take a moment, let the market settle and then come back to it....a trend is not defined by the first 30 mins of the opening or the first hour or two.
Since the fake out at the start of Feb, the trend has been bearish and volatile but the direction is clear.....only a handful of stocks have been performing against this trend, isolated to Mega Tech stocks only.
Let's use the trend to our advantage, saving ourselves from jumping in, and lets get prices at lower targets.
If you find yourself reacting and feeling the anxiety is building up because you feel like you are missing out, take a minute or two away from the screens, look at the big picture and remember the strategy.
We will have a lot of opportunities here to buy undervalued stocks.
