No worries on today's 1% dip....market should erase all losses by tomorrow afternoon.... The fed is changing their fed mins as we speak due out this week to give the market a boost ......just keep buying these dips....you can see the buying coming into the market right into the close...
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Double down on shorts?
good chance you'll get squeezed right out if you do
Should I triple down on my IBB short now?
Let's be honest, there hasn't been a "trend" in any classical definition of "trend" in the S&P since probably July...A neverending series of overlapping bars that test the top and bottom of the range for months on end should quash the notion of a trend existing...Nasdaq is a different story, but again, it violently travels between the top and bottom of its range with a few fakeout breakouts for good measure...
You've found one of the best sectors to short...IBB is one of the few products that I notice trades relatively "clean".
Right, the long term trend is up, but this thread isn't really concerned with multi-month holding periods (rightly or wrongly)...
@SunTrader beat me to it. The weekly and monthly are driving the bus right now. Crazy as it seems, the daily bars are just noise right now. Doubt it changes until this dumpster fire of an election season is over with.