A 10% drop in the S&p would literally bring it back to April 2024 lows!!!!!

Discussion in 'Trading' started by S2007S, Jun 17, 2024.

  1. All-out war with Hezbollah: Not a question of if but when, defense expert says

    "We cannot accept a situation in which a terrorist organization leads to the evacuation of 80,000 residents from their homes in the North."

    https://www.jpost.com/israel-hamas-war/article-806683

    Do NOT complain that you haven´t received enough warnings...
     
    #11     Jun 18, 2024
  2. S2007S

    S2007S





    Maybe 17 yrs ago I would think this would have been a situation for the markets but after realizing that wars have been ongoing for generations and stocks still go higher news like this will push markets lower maybe for a day or two and then ramp up even higher.

    This isn't the event that's going to create a waterfall sell off in markets
     
    #12     Jun 18, 2024

  3. If you go by the C&H target calculations this pattern is pretty much complete. Anyway, this could keep going but you wouldn't find me buying up here. This wouldn't even get my attention until $323.

    upload_2024-6-18_4-40-38.png





    Look guys, interest rates raised 4 times, and spy just continued on up. That goes against every rule of the economy. Interest rates dropped and still climbs. I keep telling you all that external factors DO NOT affect the chart. You can analyze gross GDP...job numbers...inflation etc all day long and come up with a big nothing burger. :)

     
    Last edited: Jun 18, 2024
    #13     Jun 18, 2024
  4. Businessman

    Businessman

    S2007S, i think you deserve a Gay Bear award for constantly moaning about how high the S&P is:

    [​IMG]
     
    #14     Jun 18, 2024
    SunTrader and hilmy83 like this.
  5. %%
    LOL/counter-trend comment:D:D
    THEY should pass a law have to label coUnteter trend$ may damage your health:D:D
    BUT not apply that to inverse ETFs, slight difference , never get a margin call.............................................................................................
    NO matter what they say i'Ve done/
    WE ain'T never had to much fun/
    A holy tornado/
    wind me UP + let me go. >4,447,778volume video Views=======D Singletary Song
     
    #15     Jun 18, 2024
    Picaso likes this.
  6. SunTrader

    SunTrader

    ........ began in 2023????

    https://portfolioslab.com/tools/stock-comparison/SPY/RSP

    How about in 2020 or even 2018!
     
    #16     Jun 18, 2024
  7. mervyn

    mervyn

    using your numbers, excess spread (spy-rsp)/rsp, you will see it started from openai trades. 3-5-10 excess spread is about 4%, ytd-1y excess spread is 11%.
     
    #17     Jun 18, 2024
  8. SunTrader

    SunTrader

    My numbers lol?
     
    #18     Jun 18, 2024