We are in the buy zone, longer term. There could be another 30+ points more down, but we are ready to bounce, as I mentioned it in Volente's bottom calling thread. This is based on the monthly candle stick chart reaching/getting close to the lower BB. After Xmas I expect a decent rally still in this year, 100-150 points at least.
I dunno' man... With 4 trading days left in the calendar year, you think we can bump up 100-150 points? With everything going on? Hell, a year ago at this time, when the markets were brimming with optimism, things fell a bit into the new year. Now with this mood, how can anyone find long cheer into the new year?
2234-2250 is ES swing measure target..also = 62% fib from 2016 inauguration low.. so, down another 100+/- handles from today's low..
I'm not confusing anything as I didn't state that the PPT is in the market every day of the year NOR that they buy every single dip.
Odds seem high at this point that B1S2 has been trolling this entire thread. Multiple 50-60 pt intra-day stop outs (on 10x leverage no less), 350 pt ES HODL trades. Let's not forget some of those beaut's back in Jan-Feb as well.
You seem very confused. So your imaginary friends sometimes buy stocks, but not today? LOL. Maybe you can tell us the next time they will buy stocks so we can see if you are right or confused. LOL.