Financials, bios, and industrials set to flag and continue. Tech and oil should bottom this week. Huge bounce coming next week.
SPY
- Thread starter Phill Twist
- Start date
This is never red overnight, when it is it usually recovers all of its losses by open.
If the market goes even red by 1pt today, it will be like hell freezing over Earth and VIX spiking 50%
Well, Trump rally is pretty unreasonable. We'll see what happens next, after the rate hike in December.
Carl Icahn saved market from straight collapse after election. he feels market is bloated now. I think this warning should be heeded.
Looking at the calendar, there is nothing this week to puncture this inflation sentiment. The rally may last until NFP on Friday.
After a 200+ handle SPX rally with VIX back at extreme levels (sub 13) a bear attack could be imminent. Proceed with caution.
Am going to watch closely at the opening bell. Could be great opportunity to buy the dip whilst under accumulation.
Most swing tops take time. Go ahead and short early if you like waiting apprehensively for several weeks for the market to drop.