The start of a downtrend. I could of posted this many times before but I didn't because it was'nt the start of anything. Today is.
I have been watching every one minute bar for the last years.....I never missed a bar!!! But a few hours ago...it was the MAGIC Bearish Bar... SELL 10,000 ES!!!!!! cover near the lows........end up rich!!!! Shoot for 1400......then 1200.....then 900.....then 600.....then 80 in 19 days, N. Korea launches the Nuclear bomb....it blows up the moon. In 98 days, Russia attacks Japan.....but nobody is there....they are attacking China. Mexico runs into America...... and there will be a 980 foot wave created by a 15.7 earthquake near japan/Taiwan area. We are doomed!!!!! In 980 years.....the aliens come....
nah today is buy the dip just like Monday and sell Thursday and make 2-3% Rinse and repeat. They will have these markets freshly in the green before mid day.... Yesterday the dow opened and stayed up between 85-105 points all day long...lets see if the dow can stay down 90+ points all day long, I doubt it. All the people not in the market are running in after this little dip making sure not to miss the run to 1575+ on the SPX. Its free money, you should know that by now!
No, I think the confluence of bad economic conditions have come to fruition and its now starting to be realized by investors.
Fresh intraday high on the SPX moments ago! Dow only down about 65 points right now. dip buyers already buying, they cant even hold for 1500 or less, they need to buy now now now......
oh..thanks for reminding me about that. then thu it is well..they already buying. new high for the day on IWM
did you see how spx closed yesterday? the market is really struggling to break 1564 can you not see that? how many times has spx come close to 1564 and dropped in March ? yesterday it was 1-2 points away and all that buying couldn't break into it. it just seems more realistic we're going down first. right ?