Market on pace for a worse week since 2008
Who wants to hold long tomorrow into the weekend?
Who wants to hold long tomorrow into the weekend?
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Market on pace for a worse week since 2008
Who wants to hold long tomorrow into the weekend?
Just playing THURSDAY night devil's advocate...
What is the fear of holding this weekend?
A new round of poorly designed derivative related belly-ups?
Right now, I see the same ol Rocketman, govt shutdown, central banks, etc variables that has been around for some time. Plus expectation of an overdue pull-back/correction, whatever it's called, is off the table. Will the US dollar and IR runaway on Sunday night?
As mentioned, Im just playing devils advocate... overnight and weekend has no bearing on my trading as I am flat eod, every trading day.
With resistance at 2612, no way I'm trading long
You know, I'm starting to think the same thing tiddlywinks. Reading this forum (including this thread), I was convinced we had a huge further down leg coming. But futures appear to up. I think before we went from excess optimism, to probably excess pessimism, in record time. When everyone is saying sell, should you buy?
volente, where/how are you seeing the 2612 level? I just looked at a yahoo S&P 500 chart for the last few days, 2612 didn't catch me as a particularly relevant number/level. Thanks!
Stop trading? I don't. Well, the systems which I design don't. If you need to get out of a certain type of market, it means that you or your system can't handle it. Where would you go with a ship that can't handle any type of sea? You would certainly not cross the Atlantic and discover America on that type of ship.
ES not spx
New H&S targets 2460/62
Neck 2585
Head 2610
Right shoulder 2597-2600
Neck 2585
Head 2610
Right shoulder 2597-2600
Depends on what everyone's previous track record is
ES fell 349 points
ES rallied 197 points on short covering
Ask yourself who is still in control