The S&P 500 will bottom in 2020 at 2579-2645

[PoopyDeek]

lol it didn't make it 24 hours. I think vols and padu need to start a hedge fund together. Let's start with some ideas for names.

Falling Knife Capital?

Lion's Share?

 

[PoopyDeek]

I'm all in long on SPX


DEMTDAYBOYZ smell green

SPX will touch 3330 in 2020

33% higher from here

Seriously, if you have any money left I will lay odds on that figure not being touched.

 

[trdes]

I mean I through my 2 cents in here as well, but I didn't use terms like all in, I also traded short today and I gave a list of actual reasons (fundamental,technical and news related) as to why those levels had low probability of holding longer term.

There should of been some type of actual evidence counter to why you thought it would hold, but there wasn't. Not trying to be overly harsh, but picking bottoms, particularly when you give no evidence, is not the key to long term success.

 

[hafez50]

I've been doing this 31 yrs . None of us know anything . I trade with incredible confidence but i respect the power of this . You can be humbled in min's and days

 

[Cuddles]

I'm all in long on SPX


DEMTDAYBOYZ smell green

Goodnight sweet prince

 

[trdes]

I've been doing this 31 yrs . None of us know anything . I trade with incredible confidence but i respect the power of this . You can be humbled in min's and days

None of us know 100%, but I don't agree with not knowing anything. There's some extraordinary factors going on now and a lot of things lining up. Sure, again never 100% but you can certainly increases the probabilities on your trades by a larger amount in scenarios like these.

 

[hafez50]

What i meant is none of us can qualify the outcome of this virus . We just don't know . That being said there's some incredible co's down 50-60% in 3 weeks

 

[Laissez Faire]

We're beyond technical analysis and N % down at this point. Largest day down since October 1987.

No bottom in sight, yet.

 

[PoopyDeek]

The response (state, local) has been an abundance of caution due to the H1N1 outbreak in 2009. 2009-10 mkts were already in recovery mode so it wasn't a scratch. I am 100 SPX from a 2X leverage long trade.

 

[trdes]

We're beyond technical analysis and N % down at this point. Largest day down since October 1987.

No bottom in sight, yet.

This is not factually correct(at the very least for day trading), there are still long setups within this down move (although I would agree with you its easier and more effective to short).

The markets are fractal therefore TA principals can be applied to a 10 second chart up to a yearly. Price does not magically change how it trades just because you add a second, minute, day or "x" amount of ticks or anything else to it. If it does than just let me know at what point does that change suddenly occurs.

If you have short and long signals using TA, just use those TA short signals in this environment and it's likely to produce better results, than if you were to use the same TA short signal in a bullish market.