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Friday, June 24, 2022

Another rip-your-face-off rally is ongoing.....

The price action for the market is quite bullish as expected and I think there is a good chance we may see SPX challenge the 4100 level before this bullish run is over. 
I'm glad that I advised my DW Family to buy when the market was tanking last week. 



Not sure how many dared to buy when the general mood was overwhelmingly down to the toilet or you can call it a depression at that time. But that's usually the best time to buy when no one wants to buy. As the Street cliche goes: when everyone who wants to sell has sold, the only ones left are those who want to buy. That's usually the time the market will go up and often explosively. It seems we are in such a time. Of course, chasing here could be risky as the market has the habit of punishing most people the most. I won't be surprised to see a sudden mini crash of the market to shake out those who are chasing. Stay long with caution!🤗😂


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