I missed this question yesterday, although it is a good one. The answer is not that I noticed. I would say it is a 50-50. Several times we have back to back rallies where the overnight drop is minimal or non-existent. LC, my low for the year is 600....
On monday they T day boyz were celebrating with the boyz in da hood and got carried away with the gin and juice and hennessy.
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No problem...thanks. I shorted the bell, but got stopped out when the aapl earnings came out. In hindsight shouldn't have done that trade with big earnings like that coming out anyways, or at least should have waited to see the reaction to the numbers even if it means missing the trade.
I thought you were extremely bearish last year and you thought the mkt will drop fast and hard to new lows starting beginning of this year?!
Yes, with ES at 940 But, now with the low at over 140 points down since then and most of the bad news in, I think we are at or near the bottom. The next 2 or 3 week period could be on the optimistic side with the trillion stimulus plan and all earnings news out of the way. However, if the stimulus is not doing it and earnings keep going down then the markets will make new lows in early by mid-April. April But for now, I am looking for a possible retest of 798, could go as low as 780, but a rally to at leas 900