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This video is brought to you by ftx, go to medkevin.com ftx, to learn more and sign up to get free crypto. Every time you trade check it out, link down below at mackkin.com, fdx, hey everyone, we kevin here. This is a super, quick video and it has to do with long-term investing combined with fibonaccis your favorites. In fact, many long-term investors roll their eyes at this because they say why would i look at technicals when i'm a long-term investor? Well, if you can buy at a better opportunity, why would you give up that money if you're going to buy the dip if you're going to buy the dip may as well buy the dip when the technicals look the best, and i want to show you something That should motivate a lot of us in my opinion.
At this moment today we had gdp data that suggested we are potentially 50 of the way to a recession. Now the gdp data was based on a contraction in net exports with surging imports and inventories that came in with numbers outside of expectations. However, consumers are still spending money, and, even though we had this negative gdp shock, qqq is presently up. 3.37.
Look at this folks. Bounce number one right here: what do we have february 24th bottom of the market war? What do we have right here march, 8th fear, catalyst about the coming federal reserve meeting, which was your number third or number three bounce on uh march 14th? And then what do we have over here? Fear of the gdp daba data coming in which actually came in at contraction, which i don't think anyone was actually expecting that we could have contracting gdp in q1. But we did. We were expecting one percent growth.
We got contraction of about 0.38 which, if you annualize, is about 1.4. The point is despite continuous bad news, we do not break that zero percent fibonacci and if you are going to be that kind of person who, when we retrace back to 50 or 60 on the s p 500 and the qqq is like whoa. Should i go all in now, maybe you should take this as a little hint right now seems like an opportunity based on the technicals bad news led to the zero percent on each of these. In my opinion, that is a buy the dip signal.
No, i'm not your mommy, so if it ends up breaking past the zero percent. Remember, i'm just a clown honk who doesn't give financial advice, but let me tell you i'd rather tell you that these bounces look pretty damn good, not just on the spy but on the qqq and, quite frankly, this tesla fight about elon give me a break i'll Gladly take tesla down to the 23.6 retracement. These are opportunities, even if you're, a passive index fund investor, if you're not paying attention to the fibonaccis you're screwing yourself, thanks for watching goodbye.
This is the only guy who’s consistently wrong on predictions yet has a cult following of morons just as stupid as he is!
LMAOOOOOOOOOOOOOOOOOOO. Do not be disappointed in it breaking next time it is met, which is very soon by the way. No worries you'll make a vid about another BTD opportunity x)
Nope not buying this crap as far as I'm concerned this is a fake bounce I'll wait for the next dip.
I love you Kevin, you the best
Kevin have you listened to the leaked audio of the twitter board meeting from project veritas just want to know your impressions?
With other currencies dropping and dollar by comparison strengthening, we will continue to import more and export less going forward
Market is going to the mooon baby…. We all going to be rich
we the people demand Kevin play his buy the dip song
Bill gates is heavily short on tesla. He knows what's coming!
thx for telling me a out ftx
Kevin, you consider yourself a "long term investor"?
how the hell do you know which time range do draw a fibonacci retracement ? you can basically draw it on completely different ranges
I don't give financial advice proceeds to give financial advice
Kevin you are a 7x wizard! Thank You for these videos!
I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.
If you keep pounding on the door, eventually you break through… good luck to all🫡
Then – Elon releases the Cyber Truck and the 18 wheel semi trucks –
So, all in on TQQQ out of the money weekly calls?
This all sounds CRAZY – will it work? Yes
Glad you confirmed my purchases all day long.
You look way more sharp with the short hair👌🏼
Thanks kevin for this valuable information!
Bad news is good for the stock market Because the feds will print money
Vice versa, good news is bad for the stock market… Because the fed will not print money to stimulate the economy.
It's all about the printing
You caught me off guard with that "Honk honk". Good job.
Thanks Kevin!!! Nice haircut, man!👍
This is not the time to speculate on investment gains. This is the time to keep your money safe. as well as pay off any debts.. Thing will be worsing for at least the next two years.
He should add buy the dip sound to it.
Buy the Dip will soon be catching my knives.
17% of $900 billion dollars is – ? $153 billion Elon owns – he can borrow another $153 billion – to buy back his Tesla Stock – he gets a 15% discount on the purchase of the stock – plus he can take Options – buy calls – will it WORK? Yes
Agree starting to put my dry tinder to work.
Guys don't listen to him, it's very short term rally this time , this guy is pure scam, he is big bagholder , it will be a giant drop
Love the new hair cut! 😁✌🏽
Thank God I have ad block on YouTube no bullshit life insurance or blockfi ads.
Wow… Government setting up "disinformation governance board". Say hello to the thought police!