Today's market opening prediction thread

Cuddles

Cuddles

Thought I'd start a "rolling" thread with thoughts on the market open for each day. Thoughts on 2020/03/17?

Will people panic and continue the sell off at the open,
or
Shorts will be taking profits & others bargain shopping?
 
So far it has been one day up one day down one day up one day down. Probability on an up day the difference today is that we already went up overnight and sold off again.
No improvement in news so fundamentally should still be selling off to the December 2018 low
 
maxinger said:
Over next hour or 2, market will most likely form close wedge / converging triangle formation.
More...
in which direction? From the time of your post or the open?

SanMiguel said:
So far it has been one day up one day down one day up one day down. Probability on an up day the difference today is that we already went up overnight and sold off again.
No improvement in news so fundamentally should still be selling off to the December 2018 low
More...

you reckon it's just retail at this point? No dumb money bargain shopping?
 
Here4money said:
in which direction? From the time of your post or the open?



you reckon it's just retail at this point? No dumb money bargain shopping?
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I'm sure some are bargain shopping since CNBC said you have to buy here ;)
I don't see any fundamental reason to buy yet. No good news, recession looming, etc. Not to say I won't trade an up day but not really for long.
 
SanMiguel said:
I'm sure some are bargain shopping since CNBC said you have to buy here ;)
I don't see any fundamental reason to buy yet. No good news, recession looming, etc. Not to say I won't trade an up day but not really for long.
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i'm basically long after some recovery and wonder if I should exit now or expect a mini rally after the open.
 
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