When bullish momentum turns on a dime – navigating the treacherous waters of failed breakouts The markets can be merciless teachers. Just when traders begin celebrating breakouts and planning their next big moves, the tide can shift dramatically, leaving even seasoned professionals scrambling to adjust. Recent price action across major indices has delivered exactly this […]
Tag: Market technical analysis
In today’s volatile market environment, understanding technical indicators and market positioning is crucial for traders. Rick Pedicelli, a seasoned trader with over two decades of experience, shares invaluable insights on the current state of major market indices and their relationship with key moving averages. The markets have been showing interesting patterns lately, with major indices […]
The Nasdaq 100 ETF (QQQ) has reached new all-time highs, presenting traders with fresh opportunities. Understanding key support levels becomes crucial for managing risk and identifying optimal entry points in this evolving market landscape. When a leading index like the QQQ breaks out to new highs, the natural question becomes: “Where are the key support […]
