🟢 BOOKMAP DISCOUNT (PROMO CODE "BM20" for 20% off the monthly plans): https://bookmap.com/members/aff/go/figuringoutmoney?i=79 🟢 TRADE IDEAS & DISCORD: https://www.patreon.com/figuringoutmoney 🟢 TRADE WITH IBKR: http://bit.ly/3mIUUfC __________________________________________________________________________________________ In this video, Michael Silver delves into the recent market rally in the S&P 500, exploring its sustainability amidst prevailing skepticism. He discusses crucial levels to observe for potential follow-through and breakdowns, considering the possibility of a short cover rally. Michael provides insights into the economic calendar, focusing on Jerome Powell's talk and GDP growth rate, and examines the impact of inflation data across Europe on market volatility. He scrutinizes the intermarket aspects, including the 10-year yield and its implications on various sectors, and the aggressive move of the dollar. The video also touches on the performance of big market cap names and the overall trend in the market, highlighting the importance of tech participation for a beneficial rally. Michael concludes by emphasizing the significance of monitoring key levels and intermarket aspects to navigate through market rallies and potential red flags effectively.
High Volatility Scan: ○ https://youtu.be/VC327ko8DfE ______________________________________________________________________________________________ DISCLAIMER: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time. Everything you watch on my channel is my opinion. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel :)
