I am back..... I was a bull in March and said bottom was then... Now

greeneveryday said:
Ok... So here is the deal...check my previous post about I said market bottomed around March 26.

Here we had a first bloody day... - 1800 points in dow. My take is: GTFO! Yes... I said it.. The top was 325 on Spy this week... Down we go here.....sell any rally!

Target spy 250-270 area....
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A little bit contradictory according to your nickname, hehehe.
Now, seriously, with the FED's liquidity tsunami going on, I believe the big guys know that the logic path is up, but yesterday was a day used to "shake the flees" of this rally. It's possible that the market in the short-term is kind of wounded, and perhaps any relief rally will fade but this condition won't last much longer. Until a new structural change, the game kay continues to be liquidity.
 
I think the drop yesterday is probably half of the entire short term sell off. There will probably be another rally on or around the 50 moving average on the daily.
 
GreenEveryDay ( his account profit not the market ) has a proven track record of being way better than most, I suspect he's right again, listen to him.

50% retrace of yesterday, then sell into the close expected based on premarket action.

Retail will be buying the dips and high fiveing themselves briefly.
 
Turveyd said:
GreenEveryDay ( his account profit not the market ) has a proven track record of being way better than most, I suspect he's right again, listen to him.

50% retrace of yesterday, then sell into the close expected based on premarket action.

Retail will be buying the dips and high fiveing themselves briefly.
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Exactly. Lol re retail.

Look at VIX spike, I daytraded TVIX s usual. Only concern is TRIN bullish low
 
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