Has the correction begun?
- Thread starter trader1974
- Start date
On Sunday I called for this week to be a down week, i.e., closing down 1-2 %. I also stated that it could be the start of a multi-week correction (not a sell-off) before the next leg up as I remain bullish for the year until proven otherwise.
Today's low on ES would be down -0,81 % for the week.
But as of now, ES @ 3320, we're only down -0,25 % for the week, and I don't expect any selling today by the Close.
NQ is showing remarkable strength today as yesterday and is already green for the week - so, maybe this was it.
Would need to sell a bit lower tomorrow, but I'm not holding my breath.
You should seek a job in the financial media. They love explaining price movement with news or in spite of news.
Yeah sure, keep predicting via SMA crosses or whatever.
And you should keep reading the news to get a grasp of what's going on in the markets!
And you should keep reading the news to get a grasp of what's going on in the markets!
I don't read or watch the news (well, Swedish local news aside). Once upon a time I subscribed to FT but realized it's useless for my purposes.
Predictably, @volente_00 is THAT guy, again!
Will this make it 0 for 3 since Nov/Dec 2019?
https://www.elitetrader.com/et/threads/the-s-p-500-will-top-at-3250.339034/page-12#post-4999800
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Haven't had time to check the DOW this afternoon, it was correcting early today, like a little polar bear LOL.
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QQQ is still making good weekly highs+ strong seasonals..................................................................................