Nobody wagers on past events.
Dow low in place
- Thread starter padutrader
- Start date
Nobody wagers on past events.
dow struggling to go up so a sharp down move likely.
we might have had in virus here 10 years back so we are all immune.Not if you have CoVID-19.
no one keeps track of such things in India
%%
4 weeks is along time for shorts;
not long for longs.
With 30 minutes till close QQQ,
may close above 200dma ?? SDOW made a nice higher Hi today, then sold off.........
DOW/DIA may not close above 200dma,even if its another weekly uptrend??
I think the market ,as it always does , will make both sides ,bull and bear,.... wait.
we are all watching, expecting the market to do something, so it will keep satisfying both sides that: yes! you are right!!!!!!! …….
buyers came in powerfully, when Dow sold off...…..and what followed was normal, when spike up, follows spike down: trading continues with no conviction and doubt.
I suspect with bulls show of strength, bears will be less enthusiastic in pressing sales.
this lack of enthusiasm was evident after the two hourly big bull bars.
until some more news flow comes in......
It couldn't hold for even 2 days
Low on futures was 2695.25, it still holding it for now.
Padu's call was 2715 was the low.
Anyway, i still see more room for downside. This Corona thing isn't going anywhere soon and the longer it stays the bigger the economical impact will be. Could go sideways as well since the first panic reaction seems to be over.
padu call was broken same day he made it, as soon as markets reopened that evening. Then Trump came out with stimulus message and rally started.
That is what Thor's comment was regarding.