The idea here is that we construct a new floor in the area of the low of today, solidy and move much much higher. I'm staying long aqui.
Really doesn't appear to be any major resistance from here until 3100. ---Other than the top of the Bollinger Band. ----ATHs soon.
No. There'll be a huge battle the closer we get to 2900. That's when the up/down vol games will kick off again. They'll get started if we get north of 2840. The ultra-vix (long) etf's should start climbing here soon.
Quick reminder----The economy was in the greatest shape in history 4 to 6 weeks ago. ---and it will be again in short order----perhaps even stronger.
B1 how do you fig that? The fed just printed $4 tril. Businesses like cruise ships, airlines,restaraunts will never see there past glory days. The mkt rise is messing with the facts on the ground
The most freaky thing to me is the vix. Sitting here at 44 and has hardly dropped the last 2 days with the mkt up 2600 pts.
Quick reminder.... we just printed $5 Trillion dollars in the last 6 weeks. Just a little pinprick There'll be no more, ah But you may feel a little sick Can you stand up? I do believe it's working, good That'll keep you going through the show Come on it's time to go Already queued up for ya.