Its going to happen however since 17,000 is so close there is a good chance the markets open lower drop below 17,000 and rally strong into the friday close.....keep buying those dips, dow back to 18,000 according to all the fools on cnbc.
AND the last minute sell off into the close.... TOP NEWS & ANALYSIS Dow dips 300, Nasdaq sheds 2% as Street frets Continued uncertainty over low oil pries and the timing of a Fed rate hike pressured U.S. markets. Dow briefly falls 300 points, Nasdaq off 2% as Street eyes Fed, oil DJIA17035.08 -313.65-1.81% S&P 5002040.82 -38.79-1.87% NASDAQ4890.46 -128.59-2.56%
Wonder if we're going to 2034... that's a *significant* level. Well maybe 2040 is the more significant level, but this is also the lows of the support.
Someone was getting liquidated down there in the 2020's...haven't seen stuff like this in what 7-8 years now?
SOLD SPXS after hours for a profit, had big losses on it but held out for this drop to get out, sold at $19.30, I know I keep saying the s$p is going to drop below 2000, it is, but I think the markets take a little rally before that happens, will buy back SPXS when the s&p is up another 2%+ STILL have TZA which I will also be selling on any gains tomorrow, I think the markets will open lower and rally into the close, thats my take, once the markets are up on a relief rally I will buy back TZA hand over fist under $10.00....
I SURE HOPE NOT I just sold all my SPXS at $19.30 and come to think about it now that I sold you are probably right, the markets will probably sell off 3%+ I sold off BIS that I bought yesterday and after I sold it, it immediately rallies....same thing will happen tomorrow after selling SPXS just moments ago at $19.30, so basically I just caused the market to drop 3% tomorrow, oops