Black Monday

sp down 100 points based on my calculations

 

You're forecasting a big decline for Monday? If so, why?

 

I agree we are going down Monday but don't think anything close to that magnitude.

 

Next person who makes a black ***day thread gets banned.

 

*Blood Red Monday*

 

jokes, i just had to do it.

But realistically, judging by Friday's very narrow day i see +/-15-20 points maybe can't really tell although most of my portfolio had a pretty good run on Friday even though it was narrow.

 

Grabbed some QID at the end of the day Friday. Probably means the market will be up 2% Monday.

 

QID @ $37 is imo probably a good choice got some solid support underneath you as well as everything still being bearish below 1440 on the sp500, we'll see how that works out for you.

 

Have any Technical Analysis to back up your delusions ?