At This Time... Market(ES) Defending The HELL for 4280...

[S2007S]

So basically once again no matter how negative markets get at the current moments in time it's always the forward looking ahead that is 9999% positive looking. I can never ever find a negative forward looking prediction.



"So 30 out 31 times after the AAII BULL index fell below 20, equities went up over the next 6 months," Barclays strategists said.

"So if history is any guide, based on the current AAII BULL index level, the chances of equities falling from here are very low," they add.

 

[S2007S]

Does anyone here see covid market lows from 2020?

I believe it's a possibility only if this Russia Ukraine ordeal gets even more problematic, if it doesn't end anytime soon we could be in for an easy 50% market collapse however if it ends soon then most likely a breath of fresh air for markets and maybe a 10-15% retreat. The only positive I can find besides an end to the Russian situation is the fed not raising rates as fast as expected and the fact that an enormous amount of nasdaq stocks are already deep in the red. Once this over oil and energy prices will fall dramatically reducing a bit of inflation, but remember what the fed said. This inflation being Nothing but transitory.

 

[Scataphagos]

We’re trading 4280- 4400 .. nice defined tradable 120 handle range with the outlier short stop hunting spike to 15.
The break from this zone will go 120 handles & I don’t expect it to be north bound!

Yeah, that's what we should be trading for as long as that range holds.

 

[Millionaire]

Does anyone here see covid market lows from 2020?

Yeah i think we are going back down to test those levels, unless the Fed starts printing money again before we reach those levels, in which case the decline bottoms and we go back to making new all time highs again.

 

[S2007S]

Yeah i think we are going back down to test those levels, unless the Fed starts printing money again before we reach those levels, in which case the decline bottoms and we go back to making new all time highs again.

Trust me if we drop to covid levels, welllll what am I thinking. The fed will already eliminate raising rates if the markets fall another 8, 10, 15%, not only that but they will reintroduce QE and another round of free trillions. So covid levels will be nearly impossible since the fed will save save save rhe markets.

 

[Millionaire]

Trust me if we drop to covid levels, welllll what am I thinking. The fed will already eliminate raising rates if the markets fall another 8, 10, 15%, not only that but they will reintroduce QE and another round of free trillions. So covid levels will be nearly impossible since the fed will save save save rhe markets.

If inflation remains high they cant. Even in a recession inflation can remain high, its called Stagflation.

"In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. "