As the war continued in Ukraine, prices of commodities continued to rally while equities had a poor performance. The fear index is approaching pandemic levels.
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Some little presents
We are still waiting for the CPI numbers tomorrow, so I don’t go all-in before the end of this week. The $SPY is quite extended now, but $QQQ has room to go up.
Read moreActive sequence – rules of engagement
During active sequences, traders focus their attention on buying dips and selling into extension zones. Knowing the rules of engagement helps maximize profits.
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