Big down move today. What's next?

Discussion in 'Trading' started by 1a2b3cppp, Jun 21, 2012.

Which of the following do you believe is most likely to happen for the S&P500?

  1. Today is the start of a downtrend. The S&P500 will be lower in 5 days than it is now

    5 vote(s)
    14.3%
  2. Today is the start of a downtrend. The S&P500 will be lower in 10 days than it is today

    1 vote(s)
    2.9%
  3. Today is the start of a downtrend. The S&P500 will be lower in 20 days than it is today

    5 vote(s)
    14.3%
  4. Today was a temporary pullback. Within 5 days it will be higher than the 6/21 open

    5 vote(s)
    14.3%
  5. Today was part of a pullback. Within 10 days it will be higher than the 6/21 open.

    1 vote(s)
    2.9%
  6. This is the beginnign of chop. Over the next 3 weeks it will neither exceed the 6/20 high nor the 6

    5 vote(s)
    14.3%
  7. lol I don't know, price is random

    13 vote(s)
    37.1%
  1. Will price break out upward or downward?

    [​IMG]
     
    #11     Jun 24, 2012
  2. That stockcharts.com data from that chart doesn't match data from another feed I got. Weird.
     
    #12     Jun 24, 2012
  3. Price is going back up!

    It appears to have bounced off a trendline.

    Monday's low and today's low both touched this trendline.

    [​IMG]

    I wonder if this was just a coincidence or if that was a legit trendline bounce and price is going to go up for a while now.
     
    #13     Jun 26, 2012
  4. Whoa gap up!
     
    #14     Jun 27, 2012
  5. I'm surprised trendline crew hasn't started saying that I "drew the trendline incorrectly."

    I think they will wait and only say that if price comes back down and goes through the trendline.

    If price continues to go up they will say "you drew that one correctly." :D
     
    #15     Jun 27, 2012
  6. Wow, price gapped up to that top trendline today!
     
    #16     Jun 29, 2012
  7. Looks like Europe actually managed a solution, at least for the time being. Definitely under the category of "will wonders never cease."
    But, need to crack 1360. Doubt it happens today. If there's follow through next week and it goes, throw the bear under the bull.
     
    #17     Jun 29, 2012
  8. Whoa still going up!
     
    #18     Jul 2, 2012
  9. gmst

    gmst

    Time for a reality check. My prediction was wrong, after 3/5 days, ES didn't break 1300. Other part was correct, if we don't break 1300, we rally big time. 5 marks out of 10. Bad but not too bad :)
     
    #19     Jul 2, 2012