This topic is hilarious.. Haaaaaa What everyone is completely ignoring is that once again the market didn't perform this act on its own. It was once again an intervening from an outside source. ... It's not alll over. How do you even Fathom this being over? The drop is still intact.. This is just the relief they had to give to the market or else the gigantic tsunami was going to grab it and flush it all the way the fuck down...the bond market was significantly showing results of an impending black swan event, they knew without the pause the markets were headed for a collapse of even further consequences.... Don't be foolish...the heavy volatility and downside risk is still 100% here. This is just the pause before the next collapse. Get ready.....its not over ...not over for a long long time
The trick with the market, trading and money is to not gamble plainly blindly at the roulette blackjack casino felt table... that's what's most people are doing for the most part If you know what you're doing and not just having a jolly lucky happy random time at the casino... that's when you can truly open the money gates Today was a very rare one off day. Alot of traders like to think they expertly nailed it right when Trump the Divine Angel God was the sole reason to praise today I'm not trying to discount anybody who made money today, but just saying. You gotta look at the entire wider picture scenario objectively neutrally
These days are extremely rare, but i will say the volatility remains and downside risk will show up in the next few trading sessions. There are a lot of headwinds ahead of this market.
President Trump has been known to provide tons of trading opportunities. DOWN - traders earn $$$$$$$$$ UP - traders earn $$$$$$$$$ DOWN AGAIN - traders earn $$$$$$$$$ UP AGAIN - traders earn $$$$$$$$$ DOWN AGAIN - traders earn $$$$$$$$$ UP AGAIN - traders earn $$$$$$$$$ ...
My guess is without more bad news the short covering continues. Seems like everyone and their mother was short. I doubt all the shorts have cleared out. It's a treacherous market to figure out the main trend. I believe the VIX was at 27 before the cascade started. That's probably the point at which the shorts could return.
Market only has 10% up days because of massive short covering. I doubt many left who were short from the lows.. However there will be another round of short sellers coming into short this rally. Who will then provide fuel to the upside when they have to buy back as well, assuming the market continues higher...
You have some real nerve saying that! In anyone is dumb here it's you! You said a 5% drop from ATH would be A MIRACLE, and a 20% drop from ATH would NEVER EVER HAPPEN AGAIN IN OUR LIFETIME. You were too scared to bet on it, but you promised to delete you account if it ever did. Now please go and keep your promise.