Brave The Market
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20/03/2023
Collecting traders 78/1000 ✔️
👋What’s up everyone! I hope everyone had a great weekend. It’s that time of the week again. Here’s some tickers and plays we are watching this week.
It’s all eyes on FOMC on Wednesday and the FED interest rate decision.
1. $SPY: We have a pennant pattern building on the weekly chart. Depending on how things go we could chop until the FED meeting. Below 382 things can get ugly.
2. $QQQ: Also consolidating inside weekly pennant but $QQQ looks strong. A engulfing bar on the weekly chart with lots of volume coming into the markets. Keep this on watch.
3. $AAPL: Apple approaching supply. Like $QQQ also has a bullish engulfing bar. $AAPL holds a decent weight in both $SPY and $QQQ as well.
4. $NVDA: Approaching huge weekly supply zone. Clean price action on this. $NVDA is also 5% of $QQQ.
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