Please guys, GET IN THE MARKET SOON

Discussion in 'Trading' started by SoyUnGanador, Feb 1, 2023.

  1. destriero

    destriero

    No worries, GL with it.
     
    #61     Feb 4, 2023
  2. Tavurth

    Tavurth

    Ok, then $10. What odds you got on Tuesday Wednesday (full day)?

    Edit: Wednesday, forgot to calculate indexes sleepy weekend
     
    #62     Feb 4, 2023
  3. destriero

    destriero


    Close? 4202 SPX cash.
     
    #63     Feb 4, 2023
  4. Tavurth

    Tavurth

    Close SPX > 4250 cash
     
    #64     Feb 4, 2023
  5. That's an 8.5% gain in one week.

    Since 2005 we only had 5 weeks with a weekly gain greater than 7.24 % and those were during financial crises and way higher volatility than we're currently seeing.

    So, obviously a completely unrealistic scenario for next week.
     
    #65     Feb 4, 2023
  6. tiddlywinks

    tiddlywinks

    Friday, SP500 CASH opened below previous close, and closed below previous low.

    prolly nothing.
     
    #66     Feb 4, 2023
  7. The last 15 times that happened the market closed lower 71 % of the time for the coming Monday.

    EDIT: I stand corrected. That was for open below prior close and a negative net change.

    For the data in the quoted post the following Monday is negative only 53 % of the time.

    Still, what I first wrote stands true. Monday is also statistically the weakest day of the week.
     
    Last edited: Feb 4, 2023
    #67     Feb 4, 2023
  8. destriero

    destriero


    You're on. Touches, not closes.
     
    #68     Feb 4, 2023
    Tavurth likes this.
  9. SunTrader

    SunTrader

    $SPX daily bar was a Doji closing -0.21 pts below open, but almost 60 pts below Thursday's high.
     
    #69     Feb 4, 2023
  10. themickey

    themickey

    Agree and I bet SPX doesn't go below 4000.
     
    #70     Feb 4, 2023