This thing just went thud in the dirt but no explosion. At critical support. All you buy the dippers take one for the gipper and don't be a flipper. Be hip and slip 'er the tip.
I think the message was still in the electronic pipeline when the buy program hit. It's a matter of milliseconds you see these days....
my proprietary reasonably sophisticated neural network projects a short-term bottom (should hold for ~1 week at least) tomorrow SPY ~109.8 Futures are dropping: E-mini S&P 500 (Dollar) Jun 10 1107.75 -11.00 E-mini NASDAQ-100 Jun 10 1872.75 -15.25 Mark this post!
It wouldn't surprise me if Europe rallies Wednesday. They can't naked short sell, plus by the time Asia gets done, they should have a nice gap down.
Boostie is the only trader in the lot? Haven't seen one other person who appears to know how to read price at volume.
Didn't you call a bottom at 9 AM this morning also? How many of these retail guys are you selling to?
We're gonna tag the low of May 6th. 50% fib exactly as I type. Downward momentum hence the hubbub re: short selling. We closed the gap from May 9th and we're making lower highs and lows. Could 1100 ish be the low for tomorrow---could be. Is that the low for a week? Could be but we're headed lower and 1150 is the upper end and 1060 the lower end. That leaves 90 points to ponder. So far the action has been decent overnight with a stake in the ground thus far at 10 points below the low of the RTH.