River of blood, absolute red Wednesday. Another day of slump in the stock market. How many people fell into the trap?
You look at the top five companies by market capitalization (published at 12:30 PM ET):
AAPL -4.45%
MSFT -3.33%
GOOGL -3.13%
AMZN -5.57%
TSLA -6%
Beginning on May 12, the index rebounded for 4 trading days, and it also fell slightly this Monday. The slump pattern started again today.
Last time I discussed the upside trap with a friend, and I think this time is definitely a trap. Because the first two days, I've seen a lot of voices here saying a lot of buying. I think a lot of people fall into the trap.
At the Fed meeting in May, Powell announced that it will start shrinking the balance sheet from June 1, and plan to reduce its holdings of $47.5 billion in assets every month, which will increase to $95 billion in three months. This is the real disaster , so the stock market will be more dangerous in the future.
I'm not sure how the stock in your hands is, I really hope everyone can pay attention to safety.
Have you fallen into an uptrend trap?
How are your stocks?
Leave a Reply