Given situation in the middle east, how many points up or down will the Dow close on Monday. Will it be a Black Monday, or are events already priced in and we get a rally to close positive after an initial sell off?
I'm thinking it's quite possible the market's already in a correction regardless of the events in the ME as we've been printing lower highs and lower lows ever since the 1st of April. It will likely be a messy one, though. Monday's anyone's guess at this point. First, let's see where the market opens.
It was chosen for Dramatic effect. Largest numerical index. 500 or 1000 up or points down, always sounds more dramatic that 50/100pts up or down for the S&P.
Don’t care about Dow, but SPY/QQQ will fill whatever gap is left from tomorrow (if there’s even one). This is 2024, not 2022. Market doesn’t move like that anymore.
.... to the non-trading public. Traders care about the S&P and Naz 100, but most importantly, in percentages.
Agree, my prefered SIF is NQ. But i do know some part time hobby traders who trade the YM, which is liquid enough to be tradeable. Actually i never think in percentages myself. I always think in ATR, which is point moves. The only time i have to think in percentages is when volatility gets wild, have to know where the circuit breakers kick in, limit moves are set at percentage points.