This blog is my trading journal where I discuss my adventures in the stock market
8/9/2020 Stocks continue higher surpringly and nears all time highs, but I’m not bullish medium/long term yet. I think SPY will break out to all time highs, but then have a substantial pullback (~20%).
Hi everyone, welcome back. I hope you had a nice weekend!
We will probably move quite a bit higher above all-time highs in the short term due to the upwards momentum, but then break lower. I still think we head towards the low 270 range once technology stocks pull back.
Also note the large weekly RSI divergence in the weekly chart of SPY below.
I’ll keep you posted with a mid-week update if anything interesting develops.
I always remind myself that it’s better to be patient and not lose money, then to lose a lot of money buying at the wrong time.
Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020).
Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU.
I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023.
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