I expect a big or moderate reversal today

Discussion in 'Trading' started by hajimow, Nov 14, 2011.

  1. hajimow


    Futures were up last night and then in the morning they became red and now the market is all in red territory. S&P was down over 0.8% at some point. Something is telling me we should have a reversal at the end and market should close green. I know this thread might have no value but I believe it is a good time to buy index ETFs like QQQ and SPY.
  2. Supreme Court.... If they rule against Obama Care.....Markets should rally.

    If the rule in favor....Markets may chop around........

    Very little indication of a reversal to the down side right now, IMHO.
  3. hajimow


    You made a good point. My prediction was based on gut feeling. I expected the market to go up today and it started like that in the future but it turned around and I don't see any reason for that except profit taking or contrarian traders that should reverse as we get close end of today.
  4. JamesL


    There won't be a decision until next summer since they won't hear it until March.

    So, "right now" it is irrelevant.
  5. Ok

    thanks for letting us know, can't wait to get in!

    ... good luck