Usually takes a couple days for the market to settle once it hits lows before it ticks back up again, id be surprised if we rallied much today.
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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Usually takes a couple days for the market to settle once it hits lows before it ticks back up again, id be surprised if we rallied much today.
Market is all about surprises. It looks ready to move up.
I forgot to add that one of my portfolios is up 4 days in a row, its my account where about 3/4 of my positions are short ETFs, anyway anytime I get that many up days in a row and have an account value where it is right this second, the market literally SKYROCKETS higher, its happened at least 3-4 times already since I opened the account back in Feb 2015.....its almost like a sign for me to sell and go long 100% ....but I never do, anyway thats that. figure I would let everyone know since being short in this market its rare to see a 4 day gain all in a row...
Market is all about surprises. It looks ready to move up.
and higher its going, once the nasdaq goes green the dow is going to surge 100+ points, I think the market puts in a late day rally that will be non stop right into the close, keep buying before the triple digit gains come for the dow....
and higher its going, once the nasdaq goes green the dow is going to surge 100+ points, I think the market puts in a late day rally that will be non stop right into the close, keep buying before the triple digit gains come for the dow....
Not a good sign that it didnt even want to touch that 2085 number on the ES id be locking in profits if i was long now.
Not a good sign that it didnt even want to touch that 2085 number on the ES id be locking in profits if i was long now.
I hear you but will see....the nasdaq is struggling to stay in the green today, this is one hard market to predict going into todays close....feels like it wants to rally hard but on the other hand knowing support levels are so close to being broken again and the transports not even green today is making me think it could drop hard into the close.
closer to the bottom than the top imo
going long
going long
I hear you but will see....the nasdaq is struggling to stay in the green today, this is one hard market to predict going into todays close....feels like it wants to rally hard but on the other hand knowing support levels are so close to being broken again and the transports not even green today is making me think it could drop hard into the close.
When the market wouldnt touch those 85's on the ES the first time it was a dead give away it wasnt strong enough to rally, if it was someone would have popped them for the stopouts on the other side, that said, I could see them gapping the ES through it now to shake out any weak hands in the aftermarket.
closer to the bottom than the top imo
going long
You could be right, but imo the market will give you lots of opportunity to get long this summer, its not going to have enough volume to set new highs, especially with the dollar rallying, and any good news is currently being interpreted as bring us 1 day closer to a rate increase. Markets may not tank this summer, but i doubt they go up much, either. Id say from a pure risk reward perspective its probly best to wait on going long, or else just scalp around major support/resistance levels until summer is almost over. IMO we are either in for alot of chop this summer, or else a test of lower support levels, this market seems very similar to summer 2007, where we were close to the end of a long bull market, and the market didnt want to go down, but it also didnt really want to go up either.
I really hope that either way it just picks a direction soon, this chop is getting annoying.