Whatever on that... Ya know, a long time ago, SML told me he was slightly mentally disabled... now I ask you... why the f do you want to pick on someone like that?! Does it make you feel bigger? Whatever. ~case closed @Overnight
Not in private message, I hope? Thank you for your bearish sentiments. I'm feeling a bit too bullish lately, so much needed with some balance and warnings ahead. Pretty sure we blasted right through 4K and kept going for a while. I'll stand corrected if I'm wrong. Not at my trading computer right now, but I do think I checked just that. If we look at prices only it's most definitely a bull market right now - regardless how many reasons there are that there shouldn't be one. Also, it's an election year. And even bull markets pull back.
Yes we did blast through 4000 and it took a year to revisit it but it did finally happen. I was pretty shocked by that one. I do agree that the election year makes a pullback at some point followed by a relief rally afterward much more likely.
For the day, I think the low is already in. Don't believe we will breach a new low. Hope you buckled up and had fun riding this baby down. As I mentioned above, methinks the show will go on for the entire week.
it touches 20ma and bounces back, it seems to be the pattern this year. until 20ma breaks, flushing down the toilet fast.
What was it all about? I read on CNBC that Fed Minute came out earlier, but it wasn't all that dovish.