Resistance becomes support

Discussion in 'Trading' started by buttermarket, Feb 6, 2020.

  1. The buying the dip in the index futures seems to still on.
    as for commodities, it's sector sell off in commodities. mostly from China demand China is buying less commodities or something or too much supply.
    Buyers are still putting in bids at the top in the bucket shop stock market futures ES and NQ

    RSI is 80 right now. lots of buying and bidding.

    is it market makers or funds buying the dip or short covering that is what I want to know..

    for stocks if smart money is buying it's bullish. if dumb money which is short covering or momentum daytraders buying it's dumb money and weak hands
     
  2. ironchef

    ironchef

    Ask @dozu888 what his pro boys are doing, buy or sell.
     
    constitutionman and Bugenhagen like this.
  3. Oh, he's been pretty clear - TPTB are pushing UP hard because it's an elecshun yair! Mortgage the house and kids and go all in. FREE MONEY!
    We'll see if he's right, but I kind of think so.
     
  4. dozu888

    dozu888

    if you don't have anything intelligent to say just shut up
     
  5. Bugenhagen

    Bugenhagen

    Dammit, every time that nonsense comes up I think of Po' Boys and there are no shrimp where I live...

    [​IMG]

    Man..
     
  6. it's a short squeeze on monthly chart is parabolic.
    the market doesn't need your money ..it's taking money from investment funds.
    I don't know if they are buying the dip or shorts. buying
     
  7. dozu888

    dozu888

    you are such a loser
     
  8. Bugenhagen

    Bugenhagen

    Only a weight loser, coz' no Po Boys here!
     
  9. ironchef

    ironchef

    Hey, he expressed his views, gave us his technical analysis conclusions, be nice.
     
  10. and who the hell are you!
    you shut the hell up!
    i say and speak what I want on my mind, not Bullshit talk. okay

     
    #10     Feb 6, 2020