Also, the largest percentage daily move I have in my database since 2008 is an up day (+11,63 %).
One thing is certain in today's markets, as long as you sit tight in a long position and don't panic out. You will be made whole. Being caught short and hoping for a fall in situation like today is the most painful thing ive every experienced. Good learning though.
Three different set ups have occurred since 8/5 each of which has been historically bullish, and this is the first time I have found since 1945 that the three have occurred together.
$SPX to 3090 by end of quarter
just don't mention whales nor dentists
WRONGDowntrend continuing here in this bear market. We had the nice cash gap fill and subsequent sell off. I expect that we get down to at least the 2820's again very shortly.
WRONG
Lil china figured if The orange shat his pants and removed the 10 % tariffs when stocks were 5 % below all time highs, they should reverse manipulate it's trade data for once, make them look as bad as they actually are, when the SP drops another 5 %, he will remove all tariffs effectively
china just has to devalue yuan and go guns blazing in HK, trump removes all tariffs... china never misses any estimates, they literally create the estimates and results, always by magic they beat on everything, always... Look at numbers they just released, it's a big miss on every category, wonder if they figured something out ? Haha, Kudlow needs to tell donny his thong is showing, xi is getting ready to grab T by the puss!
Looking good as of now. We'll see what RTH brings today.Sell off now imminent for the last hour through at least tomorrow.
We're going down.Looking good as of now. We'll see what RTH brings today.
I actually think yesterday will prove to be another top.