I see selloff will accelerate towards the end of today. If it does I believe this will continue for a few days and then the market might become directionless and no enthusiasm to buy. Turkey crisi should have a big effect on middle east's stock market that should spread to Europe. Turkey's effect is 1% but things add up.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
I see selloff will accelerate
- Thread starter hajimow
- Start date
just entered 3x short SPY
Quote from Smalltrader:
just entered 3x short SPY
You might do okay for half the day, but I wouldn't think a 75% retracement in one day would lead to any significant drop tomorrow. The valleys are rising (June 6 and June 13) which means the peak will likely rise too. I'm long (as of 11:30 today) and will be until above 165.30 in SPY or until I see signs that today's rally is over.
Quote from hajimow:
I see selloff will accelerate towards the end of today. If it does I believe this will continue for a few days and then the market might become directionless and no enthusiasm to buy. Turkey crisi should have a big effect on middle east's stock market that should spread to Europe. Turkey's effect is 1% but things add up.
I don't know. You see so many so-called canaries in the coal mine, yet each time stock markets look ready to go down hard there is always a Federal Reserve official or Sir Hilsenrath to come to proclaim continuing or more QE. The upside is capped by "peak valuation" from peak profit margin, while the downside is capped by QE with the net effect being a converging flatline in the stock market for the foreseeable future, even if the all the other stock markets around the world tank. Must be a wonderful environment to be Karen the Supertrader.