Prediction score
+21.00
Score
+21.00
Open
0
Settled
1
Latest activity
View allWhat in the world are you trading based on? Hopes and dreams? Wait for oversold conditions on the RSI, a major trend line, or at least some sort of major divergence on the 4 hour / daily / weekly intervals. You may have the right idea with buying calls through mid April, but ya gotta get in at a good price and have healthy expectations on how high it could bounce. If it bounces higher than a low expectation bounce, then that's gravy. On Apple, there's a gap close around 260.75. As far as I see, it's the only gap above. That would make a good short term bounce target. If it goes higher, then cool. Given the global situation and market conditions with the markets looking like they're about to roll over, I'd be expecting only a short term bounce through mid to late April before potentially a much bigger and longer correction down. Based on some Steve Miller cycle analysis, he was targeting right around March 16th, give or take a few days, for a NASDAQ bottom. (His cycle analysis is absolutely not perfect, but useful as another tool. It's not a guarantee.) There's also all sorts of indicators showing a potential market bottoming hitting relatively soon, within days, before the start of at least a short term rally. Again, based on Steve Miller's cycle analysis, I'd be looking for a rally through mid to late April.
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1 settledWins
1
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0