It’s looking like we’re going to have ourselves a nice turnaround-Tuesday, especially with that nice bounce we got in the Nasdaq 100 this morning... If things are able to hold up because who knows in this climate.
I’ve been expecting a bounce for quite awhile — it’s obvious that we’ve been super oversold for weeks now.
And while I expect this bounce could really run, my advice to you is to let it go.
The market has been going down in a straight line for some time — the Nasdaq 100 fell 7% over the past few days alone.
Do you think going up about 1% or 2% is a proper bounce that’ll make up for any of the previous losses?
No. So let it run and come back down, this isn’t the snap-back rally traders are itching for.
Learning how to find a pairs trade is one of the easiest skills to learn, and it can also be the simplest way to sow the seeds of victory in a traders’ account.
I hope you’ve been following along with the analysis here and paying attention to what’s been going on in the stock market over the past several weeks, and really most of 2022.
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