good point; I tightened t/s inverses in case mkt bounces now; sqqq had a bit of move up interesting identical sp patterns wed/thur
Head and shoulders are reliable patterns, because they are distribution patterns. A break below 3880SPX confirms.
Today not so much, since it's spooky op-ex Friday on the monthlies! I wonder how many reddit users who sold options are getting ass-pounded right now?
Congrats on staying solvent longer than the market has stayed irrational. You must have some deep pockets.
was there a bad catalyst for today's selloff? didn't see one. even gold, bond, and utilities were also sold off. Japan's inflation rate has remained low for the last 30 years even with all the endless QE pumping, and people are talking about inflation. it seems the same old speculation of inflation fear is being re-cycled. https://tradingeconomics.com/japan/inflation-cpi
It was, and is, a sector shift from growth to value. Today wasnt the last day. These rotations can cause pain.further downside ahead. If you’re still buying aapl, tsla, nflx after today, you’re leaving money in the table. $fang>faang now.
No worries no worries. We have seen this market action how many times??? We all know the routine. Just buy because markets will be at historical highs in a couple of weeks. The top is not in, this is just another buying opportunity along the way of an 87 year bull market. Futures will turn bright green on Friday. US 30 31,185.0 DERIVED 01:01:13 | Futures -186.0 -0.59% US 500 3,807.25 DERIVED 01:01:13 | Futures -20.75 -0.54% US Tech 100 12,701.25 DERIVED 01:01:13 | Futures -130.50 -1.02% Small Cap 2000 2,162.65 DERIVED 01:01:17 | Futures -37.35 -1.70%