Coming Aug 29th: Black Monday or Bounce Monday?

Overnight said:
As far as I can tell, there will be no relaxing. So i'm in on Powell's strap-on. He totally fucked the Bulls. Next stop? Late Sep.
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The market will fight the strap-on you will see. There would be some up days here and there as long as there is a tiny bit of good news. Upcoming Monday though? It would be a flat day, relatively speaking.
 
KCalhoun said:
I'm basically betting all of Friday's profits on a red Monday premkt.

I think the odds are slightly in favor of gap down or selling premkt, but often it bounces after extreme selling, a bit, for dead cat bounce.

I'm taking the bet bc I think odds are slightly in favor of red, and the payoff if right could be large. So risk:reward makes sense. We'll see....
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The AH was already down so the odds are with you.

Generally, I think you can unload your ETFs profitable coming Monday (either PM or MS). There will definitely be some spike down...
 
qwerty11 said:
The AH was already down so the odds are with you.

Generally, I think you can unload your ETFs profitable coming Monday (either PM or MS). There will definitely be some spike down...
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I agree and this is the logical reason, retail 9-5 workers come home Friday night and read about the markets, over the weekend read more and convince themselves the end of the world in nigh. Sunday and Monday pre open place all their sell orders.
No one in their right mind should be placing buy orders pre market, so the bias will be down.
A couple of hours after mkt opens is a different story, it depends on other stuff which is beyond me, but my guess, day traders will have control predominantly.
 
The U.S. is obviously the dog that wags the tail of the world financially, so I'm surprised none have not mentioned ... let's see how Asian/Aussie and then European markets open during Monday trading day.
 
themickey said:
I agree and this is the logical reason, retail 9-5 workers come home Friday night and read about the markets, over the weekend read more and convince themselves the end of the world in nigh. Sunday and Monday pre open place all their sell orders.
No one in their right mind should be placing buy orders pre market, so the bias will be down.
A couple of hours after mkt opens is a different story, it depends on other stuff which is beyond me, but my guess, day traders will have control predominantly.
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Good point.... if there's a lot of sell orders out there that are placed premkt, for mkt on open fill, like retail traders use, then we could get a good gap up in inverses to sell into, premkt.

May also be a good time to go long bullish ETFs if they gap down and fill premkt

Monday should be an epic day to trade leveraged ETFs.... I'm pair trading SQQQ/SOXS/UVXY vs SOXL/TQQQ (mostly UVXY/SOXL)
 
The Euro isn't even down much, only 12 bps currently. EUR.USD below 0.9900 is where the real action will start if it happens. Also USD.JPY above 139.40 means more pain for the equity markets.

edit:

I was thinking if the main reason for the rally was this "pivot" thesis I kept hearing on bubblevision, it seems plausible that it may just go right back down.
 
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maxinger said:
today's Asian market review

after it gapped down, it seems that the market will be dead for the next hour or so.

there wouldn't be many trading opportunities for the day traders.
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Good call by you.

I'm curious do you also trade stocks or options on the Asian markets?
 
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