Mkt Trying to Make a Bottom Since About 10:30 Last Night....

Concinnity said:
Maybe a very short term bottom at best. Long term very low probability these are the lows. Just my opinion based on 22 years of Daily chart data. Good luck trading today.
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Any "possible short term bottom" won't be recognized as "long term bottom" until waaaay late.. and will effectively be worthless info for trading. IOW... "a bottom is a bottom"... play it and see where it goes.
 
wasn’t confident it is the low, lost 11 points on short side in the said time but reversed to long multiple times to scalped 14 points.
 
Pricechange said:
bottom...what????
ok???
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See the intraday charts. Obvious attempt, but don't know if it will stick.... or even if it "appears to for now"... how long it will hold. Have to play by ear.

Since last night, the market has challenged 4100-4110 at least 5 times... and buyers have turned back sellers each time. If you trade, that should mean something to you. (If it doesn't, perhaps you shouldn't bother with trading.)
 
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Bought SPY@412.04 this morning. With less than 15% of S&P 500 stocks above the 50 day moving average we are so overdue for a relief rally I don’t think it will last though
 
KGTrader4 said:
Bought SPY@412.04 this morning. With less than 15% of S&P 500 stocks above the 50 day moving average we are so overdue for a relief rally I don’t think it will last though
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You never know the "big picture" except in hind sight.... when the horse is already out the barn.

Big reward for catching the turn. Lots of losses for trying too early, also.
 
Scataphagos said:
You never know the "big picture" except in hind sight.... when the horse is already out the barn.

Big reward for catching the turn. Lots of losses for trying too early, also.
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Yup. I’m aware. I’ll be out of it before the close, at the latest, no matter what
 
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