Wasn't that bad of a day. I enjoyed. I called for shorts al day on twitter, but alas , no one listens.
What a great trading environment - finally! Last few years have been mostly blah, at least for my swing trading stuff. Good trading to all.
This is when I wish we had weekend trading. To have all this action stop and have to wait 2 days to get back into this crazy volatility....oh come on. We need at least 12 hour trading days. Enough of this 6.5 hr trading garbage. This isn't 1972 it's 2018. Let's get with the program!!!
No not yet...the low on the s$p is 2532 Dow low for that day is 23360 Both lows from February 9th! I believe the Dow breaks 23000 next week!! Keep in mindi the s$p is a few points away from dropping under it's 200 day moving average of 2585!!!!! That's not good news!!!
I saw a mention of some 200 MA nearing a break on the downside. Very exciting to watch, but when to get into the action for a recovery, if any? Oi!
You should probably not come on here and say ‘as I said’ too much. I’ve gone back and read some of this thread - what you have said has been nearly 100% incorrect.
When to get into the the action? Well there will be a substantial bounce which will happen, however you just have to be lucky. Half of the s$p is in correction teritory so that isn't enough to give the boost to s$p 3000 that most people are hoping for this year. Many thought the last drop in february of 10% was what the markets needed to progress further, however now seeing market weakness once again it will be interesting to see where it bounces or if can even rally back to january highs. Another 10% or so puts the markets in a bear market which to be honest isn't that far off ...