Like I said a couple of weeks ago the war in Middle East + Election uncertainty means no major progress in the S&P until the end of this month at the earliest. The big end of year rally could kickoff during last week of this month, ahead of the general election and the FOMC meeting.
Nothing is ever "falling apart" There is no way this market ever experiences any meaningful downside. Doesn't matter what happens the rest of the year. This market is too strong, powerful and no dip can get through the V machine.
Just shorted at 6.30!!! Will cover below 5.75. Still very bullish on uvix but it never stays high forever....was hoping it would fall back below 5 so I could sell puts on it and it didn't so shorting instead.
Big end of year rally...let's not forget that they have to include the Santa clause rally on top of the rally that's already happened because you have to have a Santa clause rally on top of a rally.....so this is going to be one jolly full rally ..... probably see spy at 6000 and dow at 50000 and nasdaq at 25000, every time I tune into financial news it's all about how the market will keep rallying no matter what's trying to drag it down and now that we have China printing money and buying stocks it's going to create a global market hyper rally. Today's losses will be forgotten by the close tomorrow as the markets once again close at historic highs this week.
Asia to open up huge again tonight, non stop free money, even though our markets were down, China will surge tonight and lift US futures for a huge rally tomorrow. Get ready as China will now lead the way with its free money printing press!!