The last correction for the SP500 has been around 11% dip. I do not think that the next corrections will be more than 5%. From a later point around president election I could expect another 10% correction coming or something like that. But too many people have been waiting for a correction to enter that latest bull cycle. From early October it never came back than 70 points so far. And this can still go until new highs on the SP500 alltime are made. I would expect bit larger correction not before 5000. Then only maybe for 3% to 5% not more. Too many are waiting to enter. With rate cuts next year coming it is the time for perma-bulls in the next 18 months.
Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
made me LOLES down -1.23 %. NQ down - 1.37 %.
Are you having an out of body experience...?
My 38k exit on the ym turned out to be a stroke of luck!!
however, I am already back in. Losing. But confident in a bounce soon!
Could be.
Would have been nice to have a crystal ball...
In my experience, very few if any can predict the markets medium/long term with any type of consistency and accuracy.
To be clear, I'm not calling for a market collapse or anything to that effect. In fact, just when this rally started I was warning people against shorting and suggested we were entering a historically strong window for the stock market.
But I've been around long enough to know that people tend to get super bullish near market highs and super bearish near market lows. I'm sure history will repeat itself as it usually does in some way or the other.
Sort of! I wouldn't mind a pullback here truthfully (as hard as it is to believe), but I know QQQ will magically be back to 406-407 tomorrow like this never happened. I don't trust any drop being able to hold. Too many dip buyers lined up everywhere.ES down -1.23 %. NQ down - 1.37 %.
Are you having an out of body experience...?
Tomorrow is going to be so stressful. Do we finally get this to pullback or is it magical V like always?
When I saved that chart pic to desktop before embedding into post I named it ... LOL.
No kidding.
Ended at -1.84% down, that's "all".
I'm back at my computer and now see that ES closed down - 1.46 % and NQ down - 1.51 %.
That's considerably more than the 1 % down day you seemed to suggest was unlikely only a few hours ago. Which is why I'm asking if you're trolling or not - as you don't seem to have your facts straight.
The problem with the magical V theory for trading is that even if the stock market ultimately recovers, you'll have plenty of down days and volatility which will blow up a long only strategy before recovery.
Now, investing or swing trading with very low leverage, that's a different story.
It is all about Money Management, how much you risk per trade.
And the recent pullback of 85 points is within line of the 60 points pullback since early October.
And the recent pullback of 85 points is within line of the 60 points pullback since early October.
Of course he is. People who don't really trade do this a lot.