i called the top at 3320 here earlier, it dropped & I'm trading SQQQ TVIX etc; I made $5400+ in profit last week. S&P hammer on daily here at 2954, i expect another dead cat bounce mon/tue then selling continues bigtime. looking for new moves in these; SQQQ & UVXY my favorites moving forward.
Hmm - without evidence, I would say this was (another) manipulated crash. TPTB got flat (or short), then shoved an irrationally high market down, harvesting foolish leveraged longs. They're going to buy back and renew the up market. It's an election year. Bounce Monday through Tuesday/Wedn ish. Round off, then retest lows by following week. They could take it lower, even much lower, but it will bottom within a few weeks, bounce higher fast, then continue in a low-volatility uptrend, drawing in the sidelined money slowly. It's how they roll now.
I was hoping the same, but multiple cases of COVID are being reported all over the states now...going into Sunday the feds aren't going to be able to put a lid on all those cases springing up, no matter how hard the WH may try.
Logarithmic monthly chart of the QQQ's. Barely made a 3-bar break, and then bounced $9 off the lows by 5pm. I don't know which way it's going. I'm just making an observation.
https://www.cnbc.com/2020/02/29/washington-state-confirms-first-us-death-from-coronavirus.html black monday... the shxt has hit the fan
Can we get an age of the patient?????? Hey maybe this news will have the fed front and center sunday with all central banks to reduce rates and stimulate everything and anything. Hey maybe the PPT saves the market Monday.
I'm confused. Flu numbers updated as of today. CDC estimates* that, from October 1, 2019, through February 22, 2020, there have been: 32,000,000 – 45,000,000 flu illnesses 14,000,000 – 21,000,000 flu medical visits 310,000 – 560,000 flu hospitalizations 18,000 – 46,000 flu deaths