Now it's trading at 3100...and now 3098.50...
The S&P 500 will top at 3250
- Thread starter volente_00
- Start date
Actually, the exact opposite happens. If the market absorbs all the sellers where we are now, say 3090, you go from a demand imbalance to a supply imbalance. Volatility continues, but this time with a short squeeze.
Yes, I agree. The sheer momentum from the short squeeze alone is enough to send the market through the roof. That is why in the bear market frenzy, you will often see vicious short-covering rallies. However, bears aren't giving up just yet.
once it crosses the previous high......volatility will drop.....because shorters will not sell aggressively, they just got squeezed and buggered
the big boys have just filled up at low levels and they will be out of market and not selling so the market will be taken by small buying slowly because no one is selling: not the bears and not the big bulls.
the big bullls will not buy high but they do not sell ......so that is enough.
such volatility on the downside usually means they want you sell low...…..
but sometimes it can mean genuine delivery based selling...….in which case....it is much further deeper correction.
the price action and market structure will tell us...in hindsight, of course , but after that information, we will know whether to sell the rallies or buy the dips.
until that time, be sure you know what you are doing ,if you trade
but sometimes it can mean genuine delivery based selling...….in which case....it is much further deeper correction.
the price action and market structure will tell us...in hindsight, of course , but after that information, we will know whether to sell the rallies or buy the dips.
until that time, be sure you know what you are doing ,if you trade
Now we're back up to 3130. Some crazy 40-point roller coaster.
Dead wrong again, in all due respect. Where do u get your information from ?
3156, last pivot high on the hourly. Do you honestly believe there will not be aggressive selling when we penetrate above this level ? The whole point of the short squeeze is that shorts cover, re-enter higher, cover again, its a vicious cycle over and over. If its a true short squeeze it will always increase volatility.
Can you also ask Padu where he gets this ludicrous idea that the "BIG BOYS NEVER SHORT". He believes these selloffs are caused by retail traders, not the institutions.
Still can't believe the market tanked 60 points in merely 1 hour (even more amazing considering that this is not the RTH), only to recover almost all the losses (up over 50 points).
