Market Analysis for Mar 24th, 2022

Mar 24, 2022 - 11:41 AM EDT

Showing you the power of context. Context is king especially when you pair it with price action.

We've been pounding the table on tech/megacaps in general since the March 16 morning and then the afternoon confirmed the swing lows setup

Let's take AMD for example, we pounded the table and entered swing longs on March 16

Kept pounding it into your heads on March 23, then final pounding this morning before the acceleration higher +5% on the day.

Now, this ticker is trading at $120 manage it as another free ride. Congrats to train riders if you've been riding and learning😎

Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.

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