I think this has to be the first time in history that a president has destroyed the most wealth in the shortest amount of time.
I already own C...I had Wells Fargo called away last years. I rotate back many times between quality stocks...
Looks like this was the answer. Nobody around here these days talking about very KEY support areas except Andy. This board has really changed. We used to have great traders here. Now its a political board completely. Politics and panic will never make you money in the stock market. So yes..key support levels are respected in trading...especially during huge sell offs where people dont know where it will stop or pause. Indeed, last night S&P futures fell to 4800 and buyers came in and brought it up to 4900 and now (7am eastern time) they are attempting to move it back over the 5000 mark. TrAndy is obviously a Trader. Its nice we still have a few here. So now the next question will be: Will 5000 be upside resistance on S&P futures? Will it hit 5000 and start falling more? Or will it hold 5000 and try to establish support there? Some times this takes a little while. It may have to re-test 5000 a few times before the market decides.
even amidst wild rumors and massive volatility..The 5000 holding as a ''Key'' support level. So this should be paid attention to as a trader. This is an important level indeed