Good call. I liquidated my shorts this morning for a nice profit. Looking to reload higher as I expect some sort of rhomp towards 3130'ish S&P though it may not get all the way there.
daily chart looks like we might need a one day rest before new highs. I'm predicting that the daily range has already been made in the overnight session
Nah I'm just poking fun. Was some crazy reference a comedian threw out there about him. But the guy also said they took him over "a highly qualified candidate" in Hillary. All of the options have sucked in my available lifetime for voting except one (but had to write him in). Anyway I digress from politics - just some light humor to keep things fun. As an aside he sure plays to the markets performance on his resume but still can't help but spit out something (like yesterday) here and again that investors don't like. I'm all about price action but you can see the time in relation to that fugly selloff yesterday. But yeah could be big nothing-burger. Is most of the time - especially when people already know its coming.
Might go as low as 3015 or so. But primarily stalking a long entry here as long as shit don't hits the fan.
Just some goofy slang. Had you a bit off your calls / game on the market structure playout for the last couple days. Just poking fun for sure. Always looking forward to your outlook analysis.
Trump is expected to hold a news conference Friday where he will discuss steps with regard to China. U.S. futures slid and Treasuries gained after data showed the biggest drop on record in American consumer spending and as traders awaited President Donald Trump’s upcoming press conference on China. Contracts on the S&P 500 and Dow Industrials traded lower after U.S. household outlays fell 13.6% in April, the sharpest drop in Commerce Department records back to 1959. Trump also appeared poised to sign a measure punishing China for its treatment of Muslims, as a rebuke to Beijing’s crackdown in Hong Kong and its response to the coronavirus. Twitter Inc. shares fluctuated in pre-market trading after the company put a warning on one of Trump’s recent posts, escalating their confrontation