Has the correction begun?

Discussion in 'Trading' started by trader1974, Jan 23, 2020.

  1. SunTrader

    SunTrader

    S&P now basically unchanged on the day.

    But IMO it should be here soon.
     
    #11     Jan 23, 2020
    trader1974 likes this.
  2. On Sunday I called for this week to be a down week, i.e., closing down 1-2 %. I also stated that it could be the start of a multi-week correction (not a sell-off) before the next leg up as I remain bullish for the year until proven otherwise.

    Today's low on ES would be down -0,81 % for the week.

    But as of now, ES @ 3320, we're only down -0,25 % for the week, and I don't expect any selling today by the Close.

    NQ is showing remarkable strength today as yesterday and is already green for the week - so, maybe this was it.

    Would need to sell a bit lower tomorrow, but I'm not holding my breath. :)
     
    #12     Jan 23, 2020
  3. Snuskpelle

    Snuskpelle

    Yeah sure, keep predicting via SMA crosses or whatever.
     
    #13     Jan 23, 2020
  4. And you should keep reading the news to get a grasp of what's going on in the markets! :D
     
    #14     Jan 23, 2020
  5. Snuskpelle

    Snuskpelle

    I don't read or watch the news (well, Swedish local news aside). Once upon a time I subscribed to FT but realized it's useless for my purposes.
     
    #15     Jan 23, 2020
  6. smallfil

    smallfil

    Shorts should put all your monies down. You cannot miss this market crash. Guaranteed 100% there is a market crash coming.
     
    #16     Jan 23, 2020
    MarkBrown likes this.
  7. tiddlywinks

    tiddlywinks

    #17     Jan 23, 2020
    nooby_mcnoob and murray t turtle like this.
  8. MarkBrown

    MarkBrown

    kool one bear is left... obviously just born.
     
    #18     Jan 23, 2020
    murray t turtle likes this.
  9. %%
    Haven't had time to check the DOW this afternoon, it was correcting early today, like a little polar bear LOL.:D:D,:cool::cool::cool::cool::cool::cool::cool:
    QQQ is still making good weekly highs+ strong seasonals..................................................................................
     
    #19     Jan 23, 2020
    nooby_mcnoob and MarkBrown like this.
  10. notagain

    notagain

    Bulls way to strong, waiting for AAPL earnings
    Screen Shot 2020-01-23 at 4.31.51 PM.png
     
    #20     Jan 23, 2020
    nooby_mcnoob and murray t turtle like this.