VIX up 6% with SPX up 0.5% --- is this an intermediate top for the week?
- Thread starter elite1974
- Start date
don't u guys know already...stonk market only goes up?
That was funny before 2022 happened.
don’t forget…2008, 2000, etc.
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WELL SOXS sure made some tops this week, plenty of them; but 6\14 could have been daytrade profit on both sides.
But looks like a lot of markets read/lived your magazine article ''Continuation Gaps'' Great title
BAC has had a lot of gaps to the downside, below 200dma
. Not a prediction or in BAC .2022 was the single greatest year for swing trading. Never will come close to that again. I've said since I joined this board, if QQQ pulled back 5% it would be a complete miracle. There's infinite liquidity that keeps this pumped and at every pressure point it's always met by a V. I can't for the life of me see how this ever goes down again.
Well, since you joined this board 3 weeks ago, QQQ has been in an uptrend.
I can understand it not coming down 60% like it did last year...
But to say a 5% drop would be a miracle is a bit obtuse.
I think you are eqtrdr or someone like that come back from the dead.
Nope not anyone from the past. You have to be constantly trained to buy every dip no matter what in this market. That's why a 5% drop is unlikely. Every single red is seen as an unbelievable buying opp. And they know it too, so they barely let it go down in the first place.