Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Draghi all ready jaw boning the European markets. So whats next more QE. Seems we will never get a discounted market ever again.
At 7pm last night they where all ready saying futures point to a recovery.
We have broke some minor support levels. A miss or lower guidance from GOOG or AMZN, just may turn the tide for the bears. This may be shifting, although I thought the same thing with the Feb sell off. Need to look at the weekly and monthly for major support levels.
Weekly NQ not broken yet. After the close today will sure be interesting.
SP500 not looking as sturdy as Naz 100. The line in the sand is still 2600 for SP500.
Heres how i see things right now. Trump has used techniques "tax cuts" to prop up this aging bull market. These things should have been used during a time of hardship not used during times of prosperity. So who gallops in when things turn down, yes we all know the Federal Reserve will come up with more QE.
However if Trump looses the House and Dems start to gain traction....Trump will toss up his hands and say....I told you so....if Dems got power back they would crash the markets, and he may even pile on to tank it lower knowing his time is up.
If Trump keeps both houses, he will continue to lean and jaw bone the Fed. Im really hoping for a major market correction, to wring the excesses out.
However if Trump looses the House and Dems start to gain traction....Trump will toss up his hands and say....I told you so....if Dems got power back they would crash the markets, and he may even pile on to tank it lower knowing his time is up.
If Trump keeps both houses, he will continue to lean and jaw bone the Fed. Im really hoping for a major market correction, to wring the excesses out.