Fair enough. One has to admire just how manipulated this thing is. There is an answer for every down candle. It immediately gets bought right back up. This is the hardest market to bring down in the history of the market.
Explain to me like a golden retriever why the market went up friday after strong job numbers?
- Thread starter klattermusen
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Good Morning Laissez Faire,I may not answer your question, but personally, I stopped making sense of the market and after that the market made much more sense.
Maybe it's irrational, maybe it's a bubble and maybe it's not, but there's no doubt we're in a bull market at the moment and the world still seems to be flowing over with money.
Thursday's Close looked nasty and after non-stop pumping for the last months a mere 1.35 % down seems like a market crash. However, the last few times that happened in recent history the market rallied the next day, so Friday was not a surprise by any means.
I know you are student of Al Brooks and follow his teaching a lot. Seen this and thought you may be interested. $2500 to see him trade live for 1-2 days and meet him in person incase you have some questions.
Just trying to help you out man.
@wxytrader I believe you need to attend as well to understand how the markets work from the master.
https://www.brookstradingcourse.com/workshop/al-brooks-live-trading-workshop-orlando-2024/
Hello Laissez Faire,LOL. I'm no student of Al Brooks. But thanks.
I am sorry, I thought you was student of Al Brooks.
You can still attend to learn to trade from a Master in the price action theory.
I am sure @padutrader has bought 2 tickets already to meet the Master.
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Good + sensible.
COULD have easily gone down FRI\just like Thur\to 200dma;
in hindsight, did not take out 50dma so, still going UP.
Good technicals.;
but even in hindsight\ biggest red candle in SPY, past 6 months.
QQQ did dip below 50dma, but that's ''just hindsight '', good hindsight LOL.
Bear hounds, not just Hollywood HYPE LOL\
can tell within 50 feet which way[trail] a bear is going. HOW??
Thier nose is that good [source NRA American Hunter magazine]
Exactly. Not sure why people try to make something so simple much more complex than it needs to be. To put it even simpler... chances are if something goes different than you expected, your expectations were wrong. A lot of egos can't handle this.
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True + simple;
but some had the ''V '' pointing up, in hindsight .
SPY could have run down thru 50dma , common pattern in up/trending bull markets.
QQQ did .
Buyers maybe had thier coffee ; but op wanted it explained like a retriever .
A bear dog nose + pack can tell in 50 feet , which way the bear is running [Source NRA American Hunter magazine]
It sounds like you're somehow emotionally involved with the market. Why would you be trying or wanting to "bring down" the market? Whenever I've heard anyone complain about manipulation, invariably the market has been going against that person's positions.
We are traders. We know there is opportunity to profit in any market - up, down, or flat.