Yeah, well no surprise there....I had a feeling that all of the hype and hoopla over that stupid Chinese app TikTok was going to end some time and that "someone" was going to get hurt. https://www.marketwatch.com/story/f...-as-anticipated-11602707617?mod=mw_quote_news
One word of caution, this whole FSLY thing could be a false flag leading into a blow-off top. Like I said, this is interesting. Don't go all in, that's 4 sure.
Either way.... trade what you see. Its merely another thing. Don't get too biased one way or the other.
As I'm present and monitoring this - I'll adjust it to 48. 50 should offer at least a bounce. Obviously not quite how I envisioned this to play out, but I still think we're seeing a retrace here. The last 'major' legs down have been around 70-90 points and we're there now. EDIT: And stopped for a - 35,50 point loss. Let's see if I got stopped out near the low or not - but it starts looking like more than just a retrace if we go much lower here.
Well, now it's apparent......the Fed didn't take away the punch bowl, but Pelosi did. Add to that a second wave of corona virus and this is just a perfect storm to support the Democrats for a big win in November. So now it looks like we are not going up till the election.
Who's buying the dip today? I see the XLF is back at $24.50. Right where it was in June The massive up move to $25.50 was fun while it lasted. That 200 day better change direction and start heading north or else... ....only $0.20 away from the dreaded 50/200 death cross.
If I had to guess - a bounce after the open to 3465, followed by continued selling for a close below 3400 today