SP500 back to $3300 by end of month

yc47ib said:
Thank you for sharing this, the questions is the market used this to deflate, when this will settle and turn, is the question for me as a trader asks.
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That is the $64k question. My 2cents: The big money is riding the back of this and manipulating it - they got short and waited for the trigger event to capitalize on. The panic selling and stop triggering allowed them to, after a few cycles, get flat again. They may be long - not sure. When they are comfortably long -the price will rise again. But I thought the drop would be a lot less than this, so I'm just as likely to be wrong. LOL.
 
We cannot quantify COVID-19 it kills young and old, people do NOT recover after a mild 'flu. Better to overreact and people can blame you when they are still alive. 95% of people are stupid and do not know how to react wisely. We are people who have made enough cash to be able to trade, so let's not throw that all away by being incautious and shopping with the stupids. When their stupidity has killed most of the health professionals along with their elderly relatives, how will they fare?
 
orbit23 said:
Market has bottomed on friday on maximum fear and panic as Trump declared a national emergency. The liquidity has been used to start closing shorts 'en masse by the big boys.

In the next 2 weeks, markets will recover and SP500 will end the month of March at $3300.
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Market low coming in May most likely. On Sunday open, will likely be limit down, and crashing this week. I'm short Nasdaq from 7255 on Friday. My 32 year cycle analysis shows the low in May.

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misterkel said:
Markets can 'crash' up or melt-up, as it's called. Main trigger is short-covering. That does apply in this case as major markets are heavily shorted.
I also strongly believe (as if my belief matters, lol) - the PPT will help the Institutional money get repositioned out of their shorts through repo bullshit. When they are sufficiently long, up it will go. But, yeah, probably slower and steadier than the crash. Still, there will be jumps. Don't know about limit up days.
Speculatively, the 'panic' selling of last week and the stop-hitting of the first part of the crash allowed the short covering to be largely completed. The repo carry trade will allow money to flow in again.
But it's all pretty murky, so don't mortgage on my advice, please.
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Not sure how repo would do anything with shorts, the whole idea is that you have to have the asset to borrow money against which you wouldn't if you were short? Not to mention it's super short term and not available to institutional investors.
 
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