The Stock Market Academy

The Stock Market Academy

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The Stock Market Academy
The Stock Market Academy
Sell the Rumor, Buy the News. Literally.
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Sell the Rumor, Buy the News. Literally.

The market sold the Russia rumor, and bought the news.

Hanna Kassis's avatar
Hanna Kassis
Feb 24, 2022
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The Stock Market Academy
The Stock Market Academy
Sell the Rumor, Buy the News. Literally.
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Today was a perfect example of violent price action at major technical levels. On the S&P, that’s 4250-4300. The price action offers great lessons in using the tools I preach here.

Specifically, the combined price action between yesterday and today is what traders call a “piercing pattern”, which is very bullish. This marks a dramatic (short-term) shift in control between bulls and bears. It often amounts to a short squeeze. And it happened at major support and technical levels.

Let’s dive in with a few simple charts, and the psychology behind any big move higher.

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